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Indian Attract 22 billion FDI during Covid-19

India’s FDI regime is considered to be the most liberal in the world. According to Amitabh Kant, CEO of Niti Aayog, the country has attracted over $22 billion worth of direct investments. Interestingly, 90% of the FDI in India came through the automatic route.

“Our FDI regime is the most liberal in the world. We have continued to attract a huge amount of investments. During the pandemic itself, India attracted over 22 billion worth of direct investments into India,” said Amitabh Kant.

Kant also shared that India has jumped up about 79 positions in World Bank ease of doing business. The central government plan is to strategize techniques to make sure we end up in the top 50 positions by the end of the year.

The Niti Aayog CEO said that if India wants to transform then it needs a programme like an aspirational district programme. Aspirational District Programme(ADP) launched in January 2018, aims to transform 112 districts that have shown relatively lesser progress in key social areas and have emerged as pockets of under-development.

The Niti Aayog mission will be under extensive testing in the coming days. The future of the country entirely depended on the systematic measure taken by the government in this fiscal year.

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