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Various types of Foreign Direct Investment (FDI) in India Since 1991-2021

Journal: International Journal of Science and Research (IJSR) (Vol.10, No. 2)

Publication Date:

Authors : ;

Page : 750-752

Keywords : Monetary; Overseas; Investment;

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Foreign direct investment (FDI) in India is a major monetary source for economic development in India. These changes were incorporated in the Consolidated FDI policy released on 28 October 2020. It also launched Make in India initiative in September 2014 under which FDI policy for 25 sectors was liberalised further. Foreign Investment Promotion Board (FIPB) which was the responsible agency to oversee this route was abolished on May 24, 2017. Foreign investment more than 90, 000 crore (US$13 billion) is expected in these projects so far. The Government of India have amended FDI policy to increase FDI inflow. Automatic route in FDI is allowed without prior approval by Government or Reserve Bank of India. The application needs to be made through Foreign Investment Facilitation Portal, which will facilitate single window clearance of FDI application under Approval Route.

Last modified: 2021-06-26 18:30:12