Bullish on a series of reforms unveiled in the year passing-by, the government expects FDI inflows to rise by 40-45 per cent in the New Year while further steps could be on anvil to attract foreign capital.
As per the latest available figure for 2015, FDI inflows during January-September period has increased by 18 per cent to USD 26.51 billion.
In the entire 2014, India had received FDI worth USD 28.78 billion as compared to USD 22 billion in 2013.
“FDI will grow by 40-45 per cent in 2016 despite the global slowdown. The government has taken vast number of policy measures this year,” Secretary in the Department of Industrial Policy and Promotion (DIPP) Amitabh Kant told PTI.
The sectors that have attracted maximum FDI this year include services, computer hardware and software, telecom, automobile and trading.
Singapore is the top source for FDI coming into India, followed by Mauritius, UK, Japan, the Netherlands and the US.