India crosses $300 billion FDI, becomes safe investment destination

India crosses $300 billion FDI, becomes safe investment destination. India has achieved the status of being a safe and dynamic investment destination in the world after it crossed the $ 300 billion Foreign Direct Investment (FDI) between April 2000 and September 2016. 33% of the FDI came through the Mauritius route, because the investors wanted to take advantage of India’s double taxation

avoidance treaty with the island nation. India received $101.76 billion from Mauritius between April 2000 and September 2016. The cumulative FDI inflows during the period amounted to $310.26 billion.

iv. According to data compiled by the Department of Industrial Policyand Promotion, the inflows in the first half of the FY17 was $21.62 billion. The other big investors have been from Singapore, the US, UK and the Netherlands. The liberalisation of the FDI policy framework, major national development programmes such as Make in India, Digital India and Skill India, besides increasing competitiveness, have made India the preferred choice for investors globally. 

vii. India’s services sector topped the FDI list, receiving 18 per cent of the cumulative equity FDI inflows followed by construction development, computer software & hardware, telecommunication and automobile.

FDI: A foreign direct investment (FDI) is an investment in the form of a controlling ownership in a business in one country by an entity based in another country.