India will attract the highest-ever inflow of foreign direct investment (FDI) in the current fiscal on the back of a slew of policy reforms announced by the new government, a senior DIPP official has said.
He, however, declined to give a target for the inflows which the government is expecting for the fiscal.
FDI with all these promotional measures and promoting the country as an investment destination,"
It can be noted that the new government has undertaken a slew of measures, including upping the FDI in defence and insurance sectors to 49 per cent and also having a clause to make it 100 per cent in some cases, and allowing foreign investment in railways in all areas excluding operations, among others.
These measures have been complimented with high profile state visits like Prime Minister Narendra Modi's trips to Japan and the US, where a strong pitch for attracting investments have been made.
The government has also initiated campaigns like the high decibel 'Make in
India' initiative which is directed towards making the country a manufacturing
base, which will also involve attracting higher foreign direct investments.
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