New Delhi Stock Exchange：Shandong Provincial Department of Commerce Investment promotes the ＂7 -year goal＂ of Dynamics： Planning to attract US $ 110 billion per year overseas investment

[Global Times Comprehensive Report] On the 18th local time, the CEO of the Indian Investment Bureau Roy said in an interview with the US Financial Media Bloomberg TV that in the next 7 years, India plans to attract $ 110 billion in direct investment overseas each year to promote domestic economic growth.New Delhi Stock Exchange

According to Roy, the Indian Investment Bureau established eight major investment areas including electronic manufacturing, automobiles, infrastructure, green energy, food processing, textiles, pharmaceuticals and foreign institutions.Economic growth of more than 10%.Data show that the total amount of foreign capital in India in the previous fiscal year was US $ 71 billion; according to this, it was calculated that the annual attraction of US $ 110 billion in foreign capital was equivalent to half a level from the current level.The official data of the Indian government also showed that since 2022, India has attracted overseas direct investment.Agra Stock

It is worth noting that in April of this year, the goal set by officials of the Ministry of Industry and Domestic Trade Promotion was the goal of $ 100 billion an annual overseas direct investment.At that time, Bloomberg commented that Indian Prime Minister Modi has always emphasized to boost the local manufacturing industry, but in recent years, India has attracted overseas investment, but the local manufacturing industry has not fully kept up.In response, Indian officials responded that high inflation and high interest rates in developed countries stacked in risk aversion to emerging markets and caused restraints on the development of Indian manufacturing.Udabur Investment