Question : FDI Inflow

(a) whether the share of India in World GDP has increased significantly during the last three years, if so, the details thereof;

(b) the details of the Foreign Direct Investment (FDI) proposals received and investment made along with number of jobs likely to be generated therefrom in the country during each of the last four years and the current year, sector and State/UTwise;

(c) the details of the licences granted out of the said FDI proposals during the said period, sector and State/ UT-wise;

(d) whether the various sectors wherein FDI policy has been revised/ relaxed recently are performing according to the expectations of the Government, if so, the details thereof and if not, the reasons therefor; and

(e) the steps taken by the Government to boost FDI in the country?

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THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY
(SHRI C.R. CHAUDHARY)

(a): Based on data released by International Monetary Fund’s World Economic Outlook in October, 2017, India’s share in World GDP at current prices in US$ terms (in per cent) is as under;
<pre>

year 2015 2016 2017
Share of India’s GDP to World 2.8 3.0 3.1
</pre>

(b) & (c): Details of the year-wise and sector-wise Foreign Direct Investment (FDI) proposals considered and approved during the period from 1st January, 2014 to 24th May, 2017 i.e. decision of abolition of Foreign Investment Promotion Board (FIPB) are given at Annexure – I. After abolition of FIPB, the data is maintained Ministries/department-wise and the same is given at Annexure-II.

No separate data related to investment made for approved proposals are maintained. However, sector-wise & region-wise (One RBI regional office may have one or more states) details of FDI equity inflow reported during the last four years as maintained, are at Annexure – III.

No data related to Employment generation with respect to investments by such foreign companies is centrally maintained.

(d): & (e): Government reviews FDI policy on an ongoing basis and changes are made in the FDI policy regime, from time to time, to ensure that India remains increasingly attractive and investor-friendly investment destination. Accordingly, Government vide Press Note No. 1(2018 Series) on 23rd January, 2018 amended FDI policy provisions on various sectors, which is available at http://dipp.nic.in/sites/default/files/pn1_2018.pdf.

These amendments are made with a view to liberalise and simplify the FDI policy, so as to provide ease of doing business in the country leading to larger FDI inflows. However, since FDI is largely a matter of private business decisions and FDI inflows depend on a host of factors such as availability of natural resource, market size, infrastructure, political and general investment climate as well as macro-economic stability and investment decision of foreign investors, hence, no such estimation/ assessment are possible.

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