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India recently achieved the status of the world’s fifth-largest economy in terms of current dollars. As of March, the nominal GDP of India is estimated to be around US$ 3.5 trillion, with a projected real GDP growth of 7% for the fiscal year ending in March 2023, following an 8.7% growth in the previous financial year. Inflation has significantly slowed down, with an annual rate below 6% and wholesale prices rising at a rate below 5%. The export of goods and services in the first nine months of the current financial year (April-December) has increased by 16% compared to the same period in 2021-22. Despite a high oil price causing an increase in India’s import bill and leading to a larger merchandise trade deficit, concerns over the current account deficit and its financing have decreased as the year has progressed. India’s foreign exchange reserve levels are comfortable, and external debt remains low. More details

Under the banner of the Amrit Kaal initiative, India has set out on a mission to foster a shared global future through the LiFE movement, promoting eco-conscious practices and sustainable living. With a development-focused approach and a clear roadmap, India is committed to promoting a rules-based order, equitable growth, and peaceful coexistence for all. 

On December 1st, 2022, India’s assumption of the G20 presidency from Indonesia marked a momentous occasion. With, India taking the presidency for the first time, it steered discussions and initiatives among the world’s major economies to address complex challenges. With its diverse economy, technological prowess, and commitment to sustainable development, India ibrought unique perspectives to the table. During the presidency, India’s focus was on various issues like inclusive growth, digital innovation, climate resilience, and equitable global health access. By leveraging its presidency, India continues to foster collaborative solutions that not only benefit its own population but contribute to the broader global well-being, reinforcing its spirit of ‘Vasudhaiva Kutumbakam’ or the ‘World is One Family’. More details.

The index of industrial production, which generally shows considerable monthly volatility, recorded growth of 4.5% y/y in the April-June quarter, while manufacturing output rose by 4.7% y/y in the same quarter. For the FY2022-23 from April to March, industrial production was up 5.2% y/y, with manufacturing output rising by 4.7% y/y over the same period. For FY2022-23, production of capital goods rose by 12.9% y/y, while production of infrastructure and construction goods rose by 12.5% y/y. However, production of consumer durables and non-durables was sluggish, with production of consumer durables growing at a marginal pace of 0.6 y/y in FY2022-23-23 while consumer non-durables grew by 0.5% y/y, according to the National Statistical Office. In the April-June quarter of 2023, production of capital goods rose by 4.9% y/y, while production of infrastructure and construction goods rose by 14.0% y/y. Output of consumer durables remained weak, contracting by 2.8% y/y, although output of consumer non-durables showed strong momentum, rising by 6.7% y/y. More details

As per UNCTAD Global Investment Trends Monitor, 2022, the Foreign Direct Investment (FDI) flows to India in calender year 2021 were 26% lower as compared to 2020, because large M&A deals recorded in 2020 were not repeated. (UNCTAD GITM), January 2022, 2022, the Foreign Direct Investment (FDI) flows to India in calender year 2021 were 26% lower as compared to 2020, because large M&A deals recorded in 2020 were not repeated.

At the Investor’s Roundtable organised by Department for Promotion of Industry and Internal Trade (DPIIT), along with Invest India, on 20th April 2022, it was highlighted that India received the highest ever FDI in the last two years.

Net new foreign direct investment into India has risen very rapidly in recent years, with FDI reaching a new record level of US$ 85 billion in the 2021-22 fiscal year, after inflows of US$ 82 billion in the previous 2020-21 fiscal year. Although FDI inflows moderated to US$ 71 billion in the 2022-23 fiscal year, this compares with FDI inflows of just USD 4 billion in the 2003-04 fiscal year. The sustained large FDI inflows over the past decade have helped to reduce India’s external account vulnerability and have contributed to boost India’s foreign exchange reserves. A key contributor to strong FDI inflows over the past decade has been technology related FDI, which has become an important source of investment. The Computer Software and Hardware sector was the largest recipient of foreign direct investment equity inflows in the 2021-22 fiscal year, at around 25% of the total inflows. More details


Invest in India

An attractive investment destination driven by economic reforms, growing capabilities, and a large consumption base

Invest in India

Find out more about the rewards of investing in India’s fast-growing economy

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India's FDI Policy

Under the amended FDI policy, up to 100% is permitted under the automatic route in most sectors/activities

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Self-reliant India Programme

India introduced a stimulus plan worth nearly INR 21 trillion to drive growth

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Guide to Investing

Your step-by-step guide towards investing and engaging in India

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Factors Driving Growth

India's foreign partnerships have improved from manufacturing to R&D

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Solutions to your immediate queries relating to investment in India

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Indian States
& Union Territories

Unraveling the socio-economic fabric of India’s 28 states and eight union territories

India’s Economic Dashboard

Key indicators of the Indian economy – GDP, FDI, Import, and Export Earnings

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Find out more about the initiatives rolled out to energise India’s business landscape


India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive, and capital establishments


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