FDI in manufacturing rises 69% to $165B during 2014-24

Quick Summary:

India is rapidly emerging as a preferred country for foreign investment in the manufacturing sector, Minister of State for Commerce and Industry Jitin Prasada said.

On the other hand, exports have increased from Rs 1,566 crore in 2014-15 to more than Rs 1,28,982 crore in 2023-24, he said.

The import of mobile phones has decreased from Rs 48,609 crore in 2014-15 to Rs 7,674 crore in 2023-24.

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: India

Topics: Sector Privacy Foreign Financial Country Years Billion Manufacturing Investment Crore Policy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-09 @ 11:21:14 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 195 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © YourStory

News ID: 21998619

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 20 posts per day

Year Established: 2008

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News Last Updated: 11 hours ago

Coverage Areas: India

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