FDI in India growing rapidly: Goyal

India's FDI inflows surge, attracting investors from Middle East, Japan, EU, and U.S., driving economic growth and job creation.

FDI inflows into the country are surging, with investors from the Middle East, Japan, European Union, and the U.S. recognising India's status as a top investment destination, driving rapid economic growth and generating millions of new jobs, Commerce and Industry Minister Piyush Goyal has said.

He said that global investors are showing keen interest in India as the country offers several advantages such as strong domestic market, skilled and talented workforce and rule of law.

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"I can clearly see FDI [foreign direct investment] in India once again growing rapidly and creating millions of jobs. Countries in the Middle East, EFTA region, Japan, and investors from the EU and the US are all realising that India continues to be the most preferred destination for FDI," Mr. Goyal told PTI.

He added that India's stable and predictable regulatory framework, coupled with a favourable business environment and progressive policies aimed at enhancing ease of doing business, is attracting an increasing number of investors from around the world.

"Last month I met a CEO of one of the largest funds in the U.S., who is also the largest investor in India, and he shared with me that his investments in India over the last 10 years have been some of the best investments his funds have ever done," he noted.

The U.S. fund, Mr. Goyal said, informed him that they are investors in India for the last 20 years, but more than 80 per cent of their investments happened in the last few years.