The recent survey ranks India as the ‘most attractive market’ — Economic fundamentals stand strong, and global interest is on a steady upswing. The election of a pro-reform Government and its various initiatives – Make in India, Digital India and 100 Smart Cities.
The survey says India has emerged as the number one FDI destination in the world during the first half of 2015. With FDI capital inflows of US$30.8b, India has outpaced all other economies, moving up to the premier position from being in the fifth spot during the corresponding period of the previous year.
Affirming this positive news, Amitabh Kant, Secretary, DIPP in an exclusive interview to CNBC-TV18 while discussing the survey said India was headed for a record FDI inflow, which is a consequence of macro-economic stability, fiscal consolidation, political stability, low inflation, interest rate cuts so, the government has given huge impetus to all the correct things.
When asked if India would be able to attract big ticket FDI Investments into manufacturing, he said: FDI has seen resurgence as far as manufacturing is concerned, which is a positive for the government because manufacturing creates jobs.
He is confident that India will be on the top as the survey claims. All that India needs is to sustain that position and provide momentum.
He is confident that India will be on the top as the survey claims. All that India needs is to sustain that position and provide momentum. Kant is also confident of fresh money coming into sectors like insurance and defence, adding that defence manufacturing will be a key driver for India™s growth but more orders need to flow in from the ministry.
Defence is bound to see a lot of investment come in. Insurance too in the next 3-4 months will see huge inflows.
