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India’s US$2.7-trillion economy, one of the fastest-growing major economies in the world, registered a 4.0 percent growth during the financial year 2019-20, as per revised NSO data released on 29 January 2021. However, the average Gross Domestic Product (GDP) growth during the previous five fiscals was recorded at 7 per cent, emphasising Indian economy’s growth leadership and sound fundamentals.
Foreign Direct Investment in India was reported at US$49.98 billion (FDI Equity Inflows) during 2019-20, marking a year-on-year jump of 13 per cent. As per DPIIT data, the sectors which attracted maximum FDI inflows during 2019-20 include services (US$7.85 billion), computer software and hardware (US$7.67 billion), trading (US$4.57 billion), telecommunications (US$ 4.44 billion), automobile (US$ 2.82 billion), construction activities – infrastructure (US$2.04 billion), and chemicals (US$1.05 billion). Singapore continued to be the largest source of FDI in India during the year, with US$14.67 billion investments.
India was the fourth major host of greenfield FDI projects and eighth major host of cross-border M&A deals between 2004 to 2015, according to a research paper titled ‘Future of Regional Cooperation in Asia and Pacific’ released on the Asian Development Bank website on 25 November 2020.
Since January 2020, the Coronavirus (COVID-19) pandemic has taken a huge toll on the global economy. In India as well, the impact of the national lockdown imposed in March 2020, followed by cautious “un-locking” since June 2020, resulted in 24% contraction in GDP during April – June 2020 quarter. FDI into India, at US$6.5 billion during the first quarter, also registered a steep decline compared to the previous year. However, since then there has been a remarkable recovery in the second quarter (July to September 2020). The contraction in GDP was 7.5% in Q2 of the current financial year, indicating that India is well into the recovery phase and moving towards normalization of economic activity . The total FDI equity inflow received during April to September, 2020 was US$ 30.0 billion, 15% higher compared to the corresponding period 2019-20 (US$ 26.09 billion).
The Government of India has resolved to convert the economic setback due to the COVID-19 pandemic into an opportunity to make India self reliant, and a bigger, stronger and more important part of the global economy. The Prime Minister launched the Atmanirbhar Bharat Abhiyan (self reliant India programme) on 12 May 2020 with the announcement of a stimulus package worth nearly Rs.21 trillion (US$277 billion), equivalent to around 10 per cent of national GDP, designed to open up new avenues of trade and investment in the post-Coronavirus economy. This was followed with further stimuli in October and November 2020, taking the total value of stimulus package to Rs. 29.87 trillion, i.e. about 15% of national GDP. Further, the Government of India has shown an appetite for bold policy reforms relating to agriculture markets, labour laws and redefinition of MSMEs, as well as taking concrete steps for employment generation and to create new opportunities for trade and investment.
The implementation of Atmanirbhar Bharat package and calibrated unlocking of the economy have ensured that economic recovery in India has gained momentum across all sectors.
As per UNCTAD Global Investment Trends Monitor (UNCTAD GITM), January 2021, India registered a 13% rise in foreign direct investment (FDI) to US$57 billion in 2020 compared to the previous year – the highest among 153 economies included in the study. This demonstrates that India remains one of the most attractive destinations for big-ticket investments globally.
An attractive investment destination driven by economic reforms, growing capabilities, and a large consumption base
Find out more about the rewards of investing in India’s fast-growing economyLearn More
In October 2020, the Government of India reviewed and amended the FDI policyLearn More
India introduced a stimulus plan worth nearly Rs.21 trillion to drive growthLearn More
Your step-by-step guide towards investing and engaging in IndiaLearn More
India's foreign partnerships have improved from manufacturing to R&DLearn More
Solutions to your immediate queries relating to investment in IndiaLearn More
Unraveling the socio-economic fabric of India’s 28 states and eight union territories
Andaman & Nicobar is an archipelago of 572 islands located in between the Bay of Bengal and the Andaman Sea.
23 ports, and an international airport in the capital city, Port Blair
96 Sanctuaries and nine National Parks located across the islands
The island chain secures busy Sea Lines in the Indo-Pacific region
Islands' major crops include coconut, paddy, banana and areca nut
US$1.1bn GSDP recorded by the UT during fiscal year 2017-18
Andhra Pradesh, located on the southeastern coast of the country, is India’s Sunrise State and the gateway to the east.
No. 1 rank in Ease of Doing Business amid Indian states.
6 ports, 6 airports,123,000 km road, 2,600 km rail network.
1st state in South to offer 24x7 power supply to industries.
Newest state capital city in India coming up at Amaravati.
2nd longest coastline, opportunities for export manufacturing.
US$ 126.12 bn GSDP recorded during fiscal year 2018-19
Arunachal Pradesh, which translates as the Land of the Rising Sun, is one of India’s hidden treasures.
US$3.6bn total GSDP reported during financial year 2017-18.
12.33% annual growth of GSDP from 2011-12 to 2017-18.
16.55 MW - hydropower generation capacity in May 2019.
Largest state hydropower potential in India of 60,000 MW.
Home to world's 2nd largest monastery - Tawang Monastery.
Assam which derives its name from the word "Asama" meaning peerless, is the world's largest tea-producing region.
20 industrial estates, 17 industrial areas, 11 IIDC and food parks
6 airports, two inland waterways and one inland container depot.
Rich resources - O&G, coal, rubber; minerals, and forest resources.
Renowned for arts, crafts and cottage industries, mainly handloom.
Cottage industries include sericulture, bamboo articles and metal crafts.
US$ 47.3 bn state GSDP recorded during financial year 2018-19.
Known as the “Karmabhumi” of Gautama Buddha and Mahavira, the state is a major source of India's labour force.
12.01% growth in GSDP recorded over 2011-12 and 2020-21.
US$74bn GSDP recorded during fiscal year 2018-19.
3 GW of renewable energy capacity targeted by the state.
74% of state's population is engaged in the agricultural sector.
3rd most populated state in India - 9% of India's population.
50 industrial areas, mega industrial parks operational in Bihar.
US$16.28mn FDI inflow between Oct 2019-Jun 2020
Chandigarh is an Union Territory that serves as the capital of its two neighbouring states – Haryana and Punjab.
Capital of two states, governed by the Central Government.
One of India's best planned and cleanest urban centres.
Heads the list of Indian states and union territories in HDI.
Attracts over 1.5mn tourists each year for varied purposes.
86.1% literacy rate in the union territory as per 2011 census.
US$5.7bn GSDP recorded during fiscal fiscal year 2018-19.
Located in central India, Chhattisgarh is a minerals-rich state and a key source of electricity and steel for the country.
Borders 7 states, with access to 40% of India’s population.
Korba district in Chhattisgarh known as power capital of India.
Leading producer of coal, steel, tin and aluminium in India.
14 GW of installed power generation capacity in the state.
15% of India's steel production comes from Chhattisgarh.
US$51.83 bn GSDP recorded during fiscal year 2020-21
US$1.5 bn FDI inflows (with Madhya Pradesh) from April 2000 to June 2019
Located between Gujarat and Maharashtra, Dadra and Nagar Haveli joined the Union of India in 1961. Also located on the western coast of India, Daman and Diu came into existence after separating from Goa in 1987.
Dadra and Nagar Haveli and Daman and Diu recorded close to $3.82 bn worth of exports in 2019-20
90 industrial estates, 7100 industrial units in Daman and Diu.
40% of India's texturised yarn is from Dadra and Nagar Haveli.
US$43mn of annual fish production recorded by Daman and Diu.
18th rank in Ease of Doing Business among the Indian States.
US$5.9mn FDI Inflows within Oct 2019-Sep20
Delhi, officially the National Capital Territory of Delhi, is one of India’s fastest growing and richest urban settlements.
Delhi is the third-largest urban agglomeration in the world.
Business Facilitation Council set up to aid investments in Delhi.
86.2% literacy rate in Delhi as recorded during the 2011 census.
NCR region has total population of more than 46.1mn, as per census.
US$121.45bn GSDP recorded by Delhi NCR during fiscal 2019-20.
US$96.41bn FDI inflow (with parts of UP, Haryana) from April 2000 and March 2020
One of India’s most popular tourist destinations, Goa is home to a mix of old heritage and modern cosmopolitan traditions.
Economy driven by mining, tourism and pharmaceuticals.
Popular with tourists for beaches and cosmopolitan culture.
23 industrial estates set up by Goa Industrial Development Corp.
GSDP growth reported at 9.08% for the state since 2011-12 - 2019-20
US$2 bn worth of exports recorded during fiscal 2019-20
US$12.15 bn GSDP recorded during fiscal year 2019-20.
FDI inflow stood at US$ 77.97 million between October 2019 - September 2020
Gujarat is home to the world's largest petroleum refinery and the largest diamond processing hub.
10th rank in Ease of Doing Business among Indian states.
25% of India's sea cargo traffic passes through Gujarat.
One major, 48 non-major ports.
72% of India’s total diamond exports are from Gujarat.
12% of India’s textile exports are sourced from Gujarat.
No 1 ranking in logistics in country (Logistics Index 2019).
US$ 269.70 bn GSDP recorded during fiscal year 2020-21
US$ 42.6 bn FDI inflow between April 2000 and September 2020
Haryana’s agricultural and manufacturing prowess has helped sustain India's economic growth since the 1970s.
372-point business reform plan to boost new investment.
Largest producer of passenger vehicles, motorcycles in India.
Gurugram is home to +250 of the Fortune 500 companies.
With 1.3% of India’s landmass, HR contributes 3.5% of GDP.
US$133.13 bn in GSDP recorded by Haryana in FY 2020-21
FDI inflow (3 states) of US$90.9 bn between April 2000 and September 2020
The mountainous state's natural riches have attracted tourists to the lush valleys of Kangra, Kullu, Shimla, and Mandi.
27 GW of hydro power potential in the state.
US$1.3bn worth of exports recorded in 2018-19.
Houses Asia's largest pharmaceutical hub.
US$22.58 bn GSDP recorded during fiscal 2019-20
FDI inflow of US$17.67 mn between October 2019-September 2020
Five perennial rivers flowing through the state.
7th rank in Ease of Doing Business among Indian states.
India's newest union territory is a rich contributor in terms of cultural heritage, horticulture, and tourism.
Economy is driven by horticulture, floriculture, sericulture.
Large food processing and handloom/ handicrafts industries.
Handicraft export from J&K in US$ 131.09mn in 2018-19
Centre to provide US$320m to initiate new tourism projects.
Industrial Policy 2016 aims to attract investment of US$310m.
20 districts with population of more than 12.5m in the UT.
US$19.71 bn GSDP during fiscal 2017-18 (Including Ladakh).
Jharkhand is a land of immense natural wealth, with 40% of the country’s mineral resources residing in the state.
5th rank in Ease of Doing Business among Indian states.
No.1 producer of iron ore, coal, uranium, mica.
20-25% of India's steel comes from Jharkhand.
US$ 1.2bn value of exports during 2019-20.
1st rank in labor reforms, inspection compliance.
US$40.8 bn GSDP recorded during fiscal 2018-19.
US$2.64 bn FDI inflow from October 2019 - September 2020.
State capital Bengaluru has come up as the 4th largest technology cluster in the world after the Bay Area, Boston, and London.
First Indian state with a startup policy, aerospace policy.
Single Window Clearances covering 10 state departments.
80% of global IT firms have India operations in Bengaluru.
US$ 17.4bn worth of exports recorded during 2018-19.
Declared ‘Best place to live and work by Expatriates’ by Mercer.
US$ 256bn GSDP estimated for fiscal year 2020-21.
US$ 7.94bn FDI inflow between Oct 2019 - September 2020
Known globally for its backwaters, Kerala is India’s most literate state and was declared the nation's first digital State in 2016.
US$ 9.8bn worth of exports recorded during fiscal 2018-19.
Largest producer of rubber, coir, and coconut in India.
590km coastline has backed marine trade for +1,000 years.
Services contribute 64% of GSDP, tourism contributes 10%.
94% literacy rate in Kerala is the highest among Indian states.
US$ 139.94bn GSDP estimated for fiscal year 2020-21.
US$ 174.49mn FI inflow between October 2019 and September 2020.
A Union Territory since October 2019, Ladakh is renowned for its mountainous beauty and distinct culture.
Two districts that make up Ladakh - Leh and Kargil - including 243 villages.
Ladakh shares international border with China, Pakistan and Afghanistan.
Ladakh is India's coldest, most elevated inhabited region (2300-5000 meters).
Snow-capped mountains and glacial lakes attract a large number of tourists.
Indus, Zanskar, and Shyok are the major rivers that flow through Ladakh.
US$ 19.71bn GSDP reported for fiscal year 2017-18 (Including J&K).
Lakshadweep is a group of 36 coral islands, scattered over an area of 78,000 sq km across the Laccadive Sea.
25% capital investment subsidy to new entrepreneurs.
“Lakshadweep Tuna” fish is being promoted globally.
Massive potential for production of coconut products.
Coral reefs, white sand beaches have boosted tourism.
10 minor ports and an airport have boosted connectivity.
15th rank in Ease of Doing Business among the Indian States
Lakshadweep Islands are the first Union Territory to become 100% organic
Although primarily an agrarian economy, the state has the largest diamond and copper reserves in India.
4th rank in Ease of Doing Business among Indian states.
State’s GSDP grew at a CAGR of 13.78% between 2015-16 and 2019-20.
2nd largest state with rich mineral, forestry deposits.
Installed power capacity of 23,400 MW.
120,000 acres industrial land bank for investment.
US$129.73 bn GSDP recorded during fiscal year 2019-20.
US$ 225.7 mn FDI inflow between October 2019 and September 2020.
Recorded US$5.3 bn worth of exports in 2019-20
Maharashtra is home to India’s largest state economy and its capital, Mumbai, is India’s financial capital.
Contributes 20% of country's total pharmaceutical output
30% of total FDI inflows into India is attracted by Maharashtra.
US$100bn Delhi-Mumbai Industrial Corridor (DMIC) underway.
728 out of India’s over 5,210 infra projects valued at US$65.1bn.
Largest producer of crude oil (offshore) in India is Bombay High.
US$467.38 bn GSDP recorded during fiscal year 2019-20
FDI inflow US$10.8 bn between October 2019 and September 2020.
The culturally-rich northeastern state, whose name literally translates to ‘A Jewelled Land’, borders Myanmar.
70% of Manipur’s geographical area is under forest cover.
Manipur ranks 4th in the concentration of looms in India.
Home to a variety of rare medicinal and aromatic plants.
US$ 4.5bn GSDP recorded during fiscal year 2018-19.
US$ 122mn FDI inflow over 2000-19 under Guwahati jurisdiction
Meghalaya, or "abode of the clouds", is a beautiful resource-rich state tucked between Assam and Bangladesh.
Electronics, IT identified as thrust sectors for development.
Industries such as steel, ferro alloys, cement are being set up.
Diverse sets of soil, red-loamy to laterite, support various crops.
Hydro-electricity potential of nearly 3,000 MW in the state.
US$ 5.19bn GSDP recorded during fiscal year 2019-20.
This state lies between Bangladesh and Myanmar in the south, east and west, and Assam, Manipur and Tripura in the north.
‘Act East’ has provided an impetus to multi-modal projects.
Vast hydroelectric potential of around 45 GW in Mizoram.
Highly-gifted skilled handloom and handicraft traditions.
The North-eastern Council (NEC) driving state development .
US$ 2.98bn GSDP recorded during fiscal year 2018-19.
Nagaland has always evoked a sense of mysticism, largely because of its remoteness and distinctive culture.
Rich in minerals such as coal, oil, platinum and magnetite.
Naga chilli, one of the world's hottest, is grown in the state.
Vision 2030 to drive growth with a 15 year perspective.
Rich flora and fauna in the “falcon capital of the world.”
11 administrative districts with total population of 2.3mn.
US$3.6bn GSDP recorded during fiscal year 2018-19.
Odisha is renowned for its glorious history, ancient architecture, wildlife, and marine life as well as rich tribal culture.
First rank in Government of India’s Smart City challenge.
Mineral output of US$3.64bn, more than total of 21 states.
30 administrative districts with total population of 43.7mn.
Odisha has 485 km of coastline along the Bay of Bengal.
Rich tribal heritage contributes to economic development.
US$ 57.5bn GSDP recorded during fiscal year 2018-19.
US$ 616mn FDI inflow from April 2000 and September 2020
Renowned for a unique mix of French and Indian traditions, Puducherry has crafted its own distinct identity.
77 large and 8,732 MSMEs with total investment of US$410mn.
Local terracotta works and papier-mâché craft have gained GIs.
4 administrative districts with total population of over 1.2mn.
Puducherry recorded over 34% growth in exports in 2017-18
US$ 5bn GSDP recorded during fiscal year 2018-19.
Punjab, literally meaning "Land of Five Waters", is one of the most fertile and industrialised regions of India.
Punjab is also known as the ‘Bread Basket of India’.
Light engineering, food processing are key sectors.
Punjab has about 1.6 lakh industrial units.
Home to international sporting talents across disciplines.
US$ 74.1bn GSDP recorded during fiscal 2018-19.
A Continuous Galvanized Rebar Production Facility in Mandi Gobindgarh will aid the infrastructure sector.
Punjab recorded $5.6 bn worth of exports in 2019-20.
US$ 118.58 million FDI inflows between October 2019. and September 2020
Rajasthan, literally meaning "Abode of the Rajas (Kings)," is culturally rich and topographically diverse.
Jaipur has emerged as a hub for technological innovation.
142 GW of solar potential and 18.7 GW of wind potential,
Thousands of years of rich cultural heritage and traditions.
Largest producer of blended fabric and wool in the nation.
Highest reserves of marble, sandstone and limestone in India.
US$ 132.2bn GSDP recorded during fiscal year 2018-19.
US$ 291. 76mn FDI inflow between October 2019 - September 2020
Ranked 8th in the ease of doing business.
The state is home to 315 glacier lakes and the world's third-highest mountain peak, Kanchenjunga.
First 100% organic region in the world is in Sikkim.
1st cyber village: Every resident has a digital profile.
Sikkim's hydro-power potential is estimated at 8,000 MW.
Sikkim shares its boundary with Bhutan, China and Nepal.
US$ 3.8bn GSDP recorded during fiscal year 2018-19.
India's second-largest state economy has evolved from ancient sea trade to IT innovation and engineering prowess.
Highest number of factories in India - over 37,220 units.
Leading centre in India for international medical tourism.
1st private submarine optical fibre cable to link Chennai.
Floriculture occupies 25,610 ha area; exported worldwide.
US$ 229.7bn GSDP recorded during fiscal year 2018-19.
Tamil Nadu recorded $30 bn worth of exports in 2019-20.
Telangana, India’s youngest state, is fast making its way to the foremost position to attract foreign investment.
3rd rank in Ease of Doing Business among Indian states.
Investment of +US$11.5bn since new Industrial Policy 2015.
TS-iPASS Act in 2014 to expedite clearances for mega projects.
World's largest studio complex, Ramoji Film City, is in Hyderabad.
Horticulture, sericulture and fisheries are key in Telangana.
US$131.16bn GSDP recorded during fiscal 2018-19.
Tripura, the third smallest state in the country, is bordered on three sides by Bangladesh.
A power surplus state, Tripura supplies power to Bangladesh.
Opportunities in sectors such as bio-fuels and eco-tourism.
Rubber, tea-based industries form the prime share industries.
Tripura has ranked 1st in Ease of Doing Business in Northeast.
US$7.4bn GSDP recorded during fiscal year 2018-19.
The Ganges River has bestowed upon the state a glorious history of industrial and agricultural prosperity.
Over 143,000 MSMEs and heavy industrial units in the state.
Longest road, rail and river network among all Indian states.
State's population of over 200m is equivalent to that of Brazil.
12 major rivers pass through the state, offering opportunities.
Agra, Lucknow, Sarnath, Allahabad, Varanasi draw global tourists.
US$ 254.12 bn GSDP recorded during fiscal year 2019-20.
UP recorded $19.9 bn worth of exports in 2019-20.
Located at the foothills of the Himalayan ranges, it is largely a hilly state with associated economic opportunities.
International boundaries with China and Nepal.
+54,047 handicraft units operational in the state.
Hub of prestigious educational/training institutions.
Preferred destination for precision manufacturing.
US$33.4bn GSDP recorded during fiscal 2018-19.
Often referred to as the cultural hub of the nation, West Bengal is rich in agriculture and heavy industrial activities
India's 2nd largest producer of tea, home to the Darjeeling tea.
2nd highest number of MSMEs, 14% of India's total MSMEs.
Siliguri connects the eight North-Eastern states to rest of India.
Vital international frontiers with Bangladesh, Nepal and Bhutan.
Kolkata is often referred to as the “Cultural Capital of India.”
US$ 166.2bn GSDP recorded during fiscal year 2018-19.
Key indicators of the Indian economy – GDP, FDI, Import, and Export Earnings
India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive, and capital establishments
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