India can attract $120-160 billion FDI annually by 2025: CII and EY report

Date posted: Wednesday 25 November 2020

India may attract foreign direct investment (FDI) of $120-160 billion per year by 2025, subject to increasing the ratio of FDI to GDP to less than 2 percent from 3-4 percent, a CII and EY report found. In fact, the country saw GDP grow 6.8 percent over the past 10 years with FDI to GDP at 1.8 percent. As per the CII and EY report, ‘FDI in India: Now, Next and Beyond’, India’s GDP growth could also improve to 7-8 percent growth if the investments come in. It found that investors ranked India third in terms of attractiveness, at least 80 percent have plans for India in the next two to three years, and close to 25 percent stating investments worth over $500 million. Investors surveyed in the report stated India’s workforce, political stability, cheap labour and policy reforms were factors that influenced investments and attractiveness.

(Moneycontrol)

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