A Perspective of Make in India and FDI Inflow in India

Abstract

Indian economy has witnessed a number of financial and capital policy paradigms. FDI is considered as a major indicator of economic development of any country in the world. Several programs and initiatives have been implemented in India to boost FDI and Make in India is one of these initiatives. Make in India Program make a conducive environment to promote manufacturing and attract more FDI in the country. The major sectors which attracted more investment are services, trading, telecommunication and electrical equipments etc. The nation has witnessed almost 40 percent increase in the FDI in just one year after the launch of the initiative in 2014. Indian economy witnessed a radical change as the government has shifted its role from regulator to facilitator after the launch of this initiative. Some key sectors has been identified particularly defense for the greater inflow of FDI from the countries like Korea, Japan and US which have shown keen interest. This program helped the nation to achieve the target of best destination for global players to invest in rapidly increasing Indian economy.