Business

FDI ups 48% since 'Make in India' campaign launch

New Delhi,July 15: The Foreign Direct Investment equity inflows has increased by 48 per cent during October 2014 to April 2015 as compared to the corresponding period last year.

The increase in FDI is attributed to the launch of Make in India initiatives in September last year. 

The country witnessed unprecedented growth of 717 percent, to 40.92 billion dollars investment by Foreign Institutional Investors during 2014-15. 

The FDI inflow under the approval route saw a growth of 87 per cent during the period with inflow of 2.22 billion dollars and more than 90 percent of FDI through automatic route.

These indicators reflect remarkable pace of approval being given by the government and confidence of investors in the resurgent India.

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