India Becomes a Hotspot for Global Investments: Piyush Goyal

Foreign investments into India are booming, with the country pulling in over $4.5 billion every month since January, even amid global economic challenges. Commerce Minister Piyush Goyal credits this growth to India’s business-friendly policies and a stable regulatory system that are drawing investors from around the world.

From January to September this year, Foreign Direct Investment (FDI ) rose by 42%, reaching $42.13 billion compared to $29.73 billion during the same period in 2023. Between April and September, FDI inflows shot up by 45%, climbing to $29.79 billion from $20.48 billion during the same time last year.

Why India is attracting investors

According to Goyal, India offers a perfect mix for global investors—a growing domestic market, a skilled workforce, and consistent, investor-friendly regulations. This makes it a top choice for countries like the US, Japan, and regions like the Middle East and Europe.

Goyal shared a story about a US-based fund that has been investing in India for 20 years. The fund’s CEO told him that India has delivered some of their best returns ever, especially in recent years. The CEO even plans to visit India soon to celebrate their 20th anniversary and announce new investments.

Where the money is going

Sectors like IT, telecommunications, real estate, construction, and automobiles are receiving the most attention from foreign investors. The government’s open-door policy on FDI allows automatic approvals in most sectors, though areas like media, telecom, and insurance still need additional clearance.

What this means for India

This inflow of investments isn’t just about numbers—it’s creating jobs, fueling economic growth, and helping India finance its big infrastructure projects. It also supports the value of the rupee and keeps the economy stable.