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The total Foreign Direct Investment (FDI) including Non-Resident Indian (NRI) investments during the last three years and the current financial year (up to September, 2015) is as under:
Sl. No. | Financial Year | Total FDI inflow (in US$ million) |
1 | 2012-13 (P) | 34,298 |
2 | 2013-14 (P) | 36,046 |
3 | 2014-15 (P) | 44,291 |
4 | 2015-16 (P) (up to September, 2015) | 24,409 |
P – Provisional
Government does not fix targets for FDI inflows as FDI is largely a matter of private business decisions.
Data in this regard is not maintained centrally. Investment by foreign companies in the country is governed by the FDI policy as well as the sectoral laws, regulations and policies.
In November, 2015 a global consultancy firm namely Ernst & Young (EY) India conducted the India Attractiveness Survey 2015, where they had taken responses of 505 investors on three most attractive markets for investment. On the basis of response received from these investors and data provided by FDI Markets (a service of The Financial Times Limited), India ranked number one FDI destination in the world during the 1st half of 2015.
Government has put in place a liberal and transparent policy for Foreign Direct Investment (FDI), including investments from Non-Resident Indians (NRIs), where most of the sectors are open to FDI under the automatic route. The extant policy allows special dispensation for NRI investments in construction development and civil aviation sector. Further, investment made by Non-Resident Indians under schedule 4 of FEMA (Transfer or issue of Security by Persons Resident outside India) Regulations is deemed to be domestic investment at par with the investment made by residents. In order to attract larger investments, which are possible through incorporated entities only, the special dispensation of NRIs has been extended to companies, trusts and partnership firms, which are incorporated outside India and are owned and controlled by NRIs. Henceforth, such entities owned and controlled by NRIs will be treated at par with NRIs for investment in India.
This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha.
Foreign direct investment policy: NRIs and NRIs owned foreign entities now treated at par for investment into India. The government affirms a liberal FDI regime with most sectors open under the automatic route and clarifies that investments by NRIs under Schedule 4 of the FEMA Regulations are deemed domestic. Special dispensation for NRI investment in construction development and civil aviation has been extended to foreign companies, trusts and partnership firms that are owned and controlled by NRIs, which will be treated at par with NRIs for investment into India.Press 'Enter' after typing page number.