The ambitious target compares with an annual average of more than $70 billion in FDI in the five years through March 2023 and would be a reversal in trend after last year's decline. Singh said the figure for the current fiscal year will be'closer to' the $100-billion target.
The world's fastest-growing major economy is appealing to businesses that want to hedge against geopolitical tensions by spreading their operations broadly-sometimes more called a 'China plus-one' strategy. Companies like Apple and Samsung have boosted manufacturing in India, taking advantage of incentives offered by the Narendra Modi government.
Bu hikaye Financial Express Mumbai dergisinin April 07, 2024 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin April 07, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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