Diverse economy, sweeping reforms and credible policy frameworks set the stage for post-pandemic priorities.
Enthused by India’s future prospects and the reforms undertaken by the Modi government, in the face of the pandemic and national lockdown, several marquee foreign investors have poured in immense sums of money into companies such as Jio Platforms Reliance Retail and a few others.
Singapore PM Lee Hsien Loong vows to deepen alliances between ASEAN and India, working with PM Modi as the strategic partnership between the two countries makes progress across several areas and is driven by ministers from both countries.
About 44 per cent of FDI, of a total of $500 billion, over the last two decades has come under the Modi government’s watch. But given the global competition to attract companies looking for alternatives to China, it will still have to do a lot of heavy lifting to make India the world’s factory.
India is poised to encourage foreign direct investment (FDI) in the space sector, with or without joint ventures (JVs) with Indian companies, and is ready to rope in overseas companies to set up facilities in the country to make satellites and launch vehicles.
The Modi government’s stated goal of hitting a $5 trillion economy will require focus and effort, but the spirit of determination, innovation and enterprise across the country amply illustrates that the target is achievable.
With the Modi government effectively turning the screws on Chinese entities by examining even the smallest holdings in Indian companies the stage has been set for India to power full steam ahead in the path to self-reliance and self-sufficiency.
FDI into India has been growing consistently over the years and has been covered extensively by trade agencies and media houses. But what about the investments that Indian companies make abroad? These international ambitions could be an important part of the India growth story. Some introductory data is shared in this article on this topic.
Buoyed by strong FDI inflows and public-private partnership models, India’s infrastructure sector remains the core focus of government’s policy initiatives and investment plans with projects of massive scale and world-class stature. The recently opened Atal Tunnel – the world’s longest highway tunnel – is a case in point.