Foreign Direct Investment (FDI) into India has grown by 35 % in the last 17 months even as across the world it has fallen by 16 %, according to Department of Industrial Policy and Promotion Secretary Amitabh Kant.
‘Make in India’ was launched in end-September last year and since then FDI has grown by 40 per cent as compared to the previous year. FDI has come into manufacturing, consumer goods, logistics and food processing sectors, he added.
Building on the momentum, Prime Minister Narendra Modi will be launching the Startup India movement on January 16 in New Delhi, we are inviting all the startups from Bengaluru to participate in this. On that day we will link up all the IITs, IIMs, NITs and central universities for viewing of the startup India discussions from morning to evening.
India is growing at 7.4 per cent and it is an oasis of growth in the midst of a very balanced economic landscape across the world. Challenge for India is to grow at 9-10 per cent over a long period of time over the next three decades or more,” he said.