The CII-EY report titled “Vision – Developed India: Opportunities and Expectations of MNCs” underscores that India has optimistic growth prospects for foreign investments with a potential to attract FDI flows of US$ 475 billion in just the next 5 years. FDI in India has seen a consistent rise in the last decade, with FY2021-22 receiving an FDI inflow of US$ 84.8 billion, despite the impact of the pandemic and geo-political developments on investment sentiment.
According the report, the direction of India’s growth is being determined by the strong momentum in domestic consumption, services, digital economy, and infrastructure. The estimated real growth in consumption is the 3rd highest behind only the US and China while the fast-expanding digital economy is expected to reach US$ 1 trillion by 2025
A report released by CII-EY titled “Vision – Developed India: Opportunities and Expectations of MNCs” at CII’s National Conference on MNCs 2022, organized on 14th October 2022 in New Delhi.