THE CURIOUS CASE OF INDIA ATTRACTING LOWER FDI INFLOWS AMIDST HIGHER GDP GROWTH
FLAWED INVESTMENT STRATEGY FAILED TO WOO FOREIGN COMPANIES TO MANUFACTURING
24-10-2024 12:52 GMT-0000
-
An introspection of foreign direct investment flow in India reveals that FDI fell on the lowest ebb in 2023-24 within 5 years. This is despite the fact that country achieved one of the highest growth in the economy. It dropped to US$ 44,423 million in 2023-24, from US $ 59,636 million in 2020-21. This is in contrast to spur in GDP growth, viz, 9.4 per cent in 2021-22, 6.7 percent in 2022-23 and 7.2 percent in 2023-24.