New Delhi. A total of $667.4 billion of foreign direct investment (FDI) has come to India between 2014-2024. Compared to the previous decade (2004-2014), there has been an increase of 119 percent in FDI. This information was given by the government. This investment has come in all the states of the country and 57 sectors. It has played an important role in the development of various industries. In the last few years, many important steps have been taken by the government to attract FDI to the country. At present, except for strategically important sectors, most sectors are open to 100 percent FDI through the automatic route.

According to data released by the Commerce Ministry, FDI worth $165 billion has come in the manufacturing sector between 2014-2024. It has seen an increase of 69 percent as compared to the figure of $97.7 billion in 2004-2014. Foreign investment in India is continuously increasing. According to the report of the Global Trade Research Initiative, foreign investment of $71 billion came to India in FY23 and $70 billion in FY24.

Earlier, Secretary, of the Department of Promotion of Industry and Internal Trade (DPIIT), Amardeep Bhatia had said that the government is giving priority to industries that require more labor and skill, so that FDI can touch the figure of $ 100 billion in the coming years.

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Bhatia further said that discussions are being held with the concerned departments to reduce compliance. DPIIT has identified 100 such compliance issues which need to be eliminated. This will make the process much easier than before. He further said that the government is constantly working towards making business easier. So far, more than 42,000 compliance requirements have been eliminated, which has greatly benefited the industry.