FDI growth rate records five-year low at $44.85 bn in 2017-18; foreign inflows grow by only 3%
FirstpostIt is critical to revive domestic investments and further ease of doing business in the country to attract foreign investors. New Delhi: Foreign direct investment in India seems to be petering out with the inflows growth rate recording a five-year low of 3 percent at $44.85 billion in 2017-18. According to experts, it is critical to revive domestic investments and further ease of doing business in the country to attract foreign investors. Anil Talreja, Partner, Deloitte India, said the low growth of FDI in the consumer and retail sectors can be mainly attributed to uncertainty and complexity of the FDI policy. In the past couple of years, we have seen a decline in domestic investment rate and now, FDI is following that suit.” He said that the government needs to take steps for reviving the domestic investment to attract foreign investors.