Citigroup sees India luring $100 billion in foreign investment

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Citigroup's K Balasubramanian forecasts $100 billion in foreign investments in India for high-tech manufacturing, infrastructure, and climate projects, aiding net-zero goals.

The country has pledged to install 500 GW of non-fossil fuel energy by the end of the decade, and aims to secure $1 trillion in investments in solar power to meet its 2070 net-zero pledge.

India’s government aims to attract $110 billion a year in foreign direct investment over the next seven years as the South Asian nation draws investors looking to diversify away from China.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: IndiaChina

Topics: Investment India foreign investment Reliance industries ltd. Sustainable energy Electric vehicles Citigroup

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 09:42:09 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 647 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 21680745

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