Impact of make in India on FDI

Abstract

Make in India initiative witnessed significant impact on Foreign direct investment (FDI) in India. For the economic development of India Foreign direct investment (FDI) is a key source of non-debt financial resource. Make in India initiative taken by Indian government provided several advantages to investors and persuade them to invest in India. It was launched in September 2014 by Prime Minister Prime Minister Narendra Modi. The prime objective of this initiative is to liberalise the FDI norms and encouraged the multi-national companies to manufacture their product by which transfer the technological advancement from their home country to India. It registered substantial economic growth and created enormous employment opportunities.