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FDI Hits 12-Year Low: Congress Urges Investment Boost

1/7/2025

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Summary

Story summary

Congress argues that the private sector's hesitance to invest indicates a lack of confidence in the Modi government.
Net foreign direct investment (FDI) reached a 12-year low from April to October 2024, with gross FDI remaining stagnant.
Gross Fixed Capital Formation has decreased from 32% to below 29% of GDP in the last decade.
Indian companies are increasingly seeking opportunities abroad, highlighting a weakening domestic investment climate.
Congress calls on the government to focus on boosting domestic investment in the upcoming Union budget.

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Story summary

Congress argues that the private sector's hesitance to invest indicates a lack of confidence in the Modi government.
Net foreign direct investment (FDI) reached a 12-year low from April to October 2024, with gross FDI remaining stagnant.
Gross Fixed Capital Formation has decreased from 32% to below 29% of GDP in the last decade.
Indian companies are increasingly seeking opportunities abroad, highlighting a weakening domestic investment climate.
Congress calls on the government to focus on boosting domestic investment in the upcoming Union budget.