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India approaching towards $100 billion FDI inflow by 2022: PHD Chamber

PHD Chamber of Commerce and Industry Vice President D K Aggarwal has said that India is approaching towards $100 billion foreign direct investment (FDI) inflow per annum by 2022 as volumes of FDI are increasing year after year.

Aggarwal has indicated that the annual FDI inflows in the country rose to $62 billion in 2017-18 from $36 billion in 2013-14. He also said that Make in India has been instrumental during the last four years to attract FDI reforms in the country. He also noted that the country was able to attract tremendous flow of investments, despite the global challenges.

PHD Chamber also expects more improvement in the coming ratings of Ease of Doing Business as country has adopted a historic reform -- the Goods and Services Tax (GST) which is giving fruitful results.

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