Asked by
ankur gupta
in
Entrepreneurship
at
12:29 PM on April 24, 2008
Naveen's Answer
The liberal investment regime, rapid growth of the economy, strong macro economic fundamentals, progressive de-licensing of sectors and the ease in doing business has attracted global corporations to invest in India
And consequent to policy changes and procedural simplifications, FDI equity inflows have registered a phenomenal upswing. FDI inflows have recorded over five-fold increase in the last three years, from US$ 2.2 billion in 2003-04 to US$ 15.7 billion in 2006-07. Simultaneously, FDI share in India's GDP has increased from 0.77 per cent to 2.31 per cent.
Significantly, FDI has come to play an increasing role in the economic growth of the country. The share of FDI in total investment has more than doubled from 2.55 per cent in 2003-04 to 6.42 2006-0
Answered at
5:07 PM on April 24, 2008
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