India hopes to attract investors looking beyond China with an annual FDI of $100 billion.
India attracted FDI inflows of $33 billion in the first six months of the current financial year that started in April 2023. It recorded FDI of $71 billion in the 2022-23 financial year.
prativad 
According to a Bloomberg article, India is actively trying to draw investors looking to diversify away from China, with a minimum annual gross "Foreign Direct Investment" (FDI) objective of $100 billion.
"Our target is that we will average at least $100 billion over the next five years," stated Rajesh Kumar Singh, secretary of the Department for Promotion of Industry and Internal Trade, in an interview with Bloomberg. The trend is rising and quite promising.
This ambitious objective represents a possible trend reversal after last year's downturn, since it contrasts with an annual average of almost $70 billion in Foreign Direct Investment (FDI) in the five years leading up to March 2023. Singh stated that the amount for
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