India emerging as preferred destination for FDI

India is rapidly emerging as a preferred country for foreign investments as the steps taken by the government led by Prime Minister Narendra Modi during the last eight years have borne fruit as is evident from the ever-increasing volumes of FDI inflow setting new records. The FDI inflow in India was at its highest ever at USD 81.97 billion in 2020-21. The information was given by the government during a parliament session. Among the global investors, the government said, these trends in India’s FDI are an endorsement of its status as a preferred investment destination, reported Saudi Gazette. The government reviews the FDI policy on an ongoing basis and makes significant changes from time to time, to ensure that India remains an attractive and investor-friendly destination.