Why India is One of the Most Favourite Nations for Foreign Direct Investment?
Since economic liberalization in 1991, the Government of India has made significant changes in Foreign Direct Investment Policy to attract foreign companies to invest in India. For a developing country like India, FDI plays a crucial role in the economic growth of the country. FDI enables the Government to overhaul the public infrastructure, introduce cutting-edge technology in the existing system, and create employment opportunities for the people of the country. Over the year, successive governments in India have realized the potential of foreign investment and Liberalized FDI policies. If we see the stats related to Foreign Direct Investment in India , Foreign Direct Investment (FDI) flows increased from $189.51 billion in 2009-10 to 2013-14 to $283.90 billion (2014-15 to 2018-19). Maximum foreign companies invested money in the service sectors of the country, which is US$ 7.85 billion for the fiscal year 2019, followed by computer software and hardware at US$ 7.67 billion, telec