Boost of economic reforms and ease of doing business! India is expected to attract USD 100 billion FDI in FY23
India is expected to attract USD 100 billion foreign direct investment (FDI) in 2022-23 on the back of economic reforms and ease of doing business in recent years, industry chamber PHDCCI said on Thursday.
India is expected to attract USD 100 billion foreign direct investment (FDI) in 2022-23 on the back of economic reforms and ease of doing business in recent years, industry chamber PHDCCI said on Thursday.
It also said the current financial year is expected to attain a GDP growth of more than 8 percent.
See Zee Business Live TV Streaming Below:
However, the inflation scenario has been stoked by rising international commodity prices, particularly of crude oil, it said.
"India is expected to attract a USD 100 billion FDI inflow in 2022-23 supported by various ground touching economic reforms and significant ease of doing business in recent years," the chamber said.
It has suggested a ten-pronged strategy to strengthen the economic growth and achieve the target of becoming a USD 5 trillion economy in next five years.
The suggestions include speedy infrastructure investments, inclusion of more sectors under the PLI scheme, increase in public investments in agriculture sector, addressing the high commodity prices and shortages of raw materials.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.