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๐ˆ๐๐ƒ๐ˆ๐€โ€˜๐’ ๐…๐จ๐ซ๏ปฟ๐ž๐ข๐ ๐ง ๐ƒ๐ข๐ซ๐ž๐œ๐ญ ๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ๐ฌ (๐…๐ƒ๐ˆ)

๐ˆ๐๐ƒ๐ˆ๐€โ€˜๐’ ๐…๐จ๐ซ๏ปฟ๐ž๐ข๐ ๐ง ๐ƒ๐ข๐ซ๐ž๐œ๐ญ ๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ๐ฌ (๐…๐ƒ๐ˆ)

India's travel and tourism sectorย 

  • The travel and tourism market in India is set to generate a revenue of USD 23.72 billion in 2024, with a projected annual growth rate (CAGR 2024-2028) of 9.62 per cent, according to projections by the India Brand Equity Foundation (IBEF). This growth trajectory is expected to propel the market volume to USD 34.25 billion by 2028.

  • India's efforts in the tourist sector, according to Prime Minister Narendra Modi, are focused on protecting its rich cultural legacy and building top-notch facilities for travelers. For the fiscal year 2023โ€“2024, India received a total of USD 17.96 billion in foreign direct investment (FDI), of which USD 11.54 billion was attributable to FDI equity.

IT sectorย 

  • The IT minister of India Mr. Ashwini Vaishnaw announced on 17th January 2024, that the country aims to achieve US$ 100 billion in annual Foreign direct investment (FDI) in the coming years, they anticipate a consistent growth rate of 6-8% over the next decade, underpinned by a meticulously devised strategy consisting of four major components.

Insurance Sector

  • In March 2024, Financial Services Secretary Mr. Vivek Joshi said that the government's ongoing liberalization of foreign capital flow regulations has led to the insurance industry attracting about US$ 6.51 billion (Rs. 54,000 crore) in foreign direct investment (FDI) over the previous nine years.

  • He said that the government increased the maximum amount of foreign direct investment (FDI) permitted from 26% in 2014 to 49% in 2015 and then to 74% in 2021.

ย Defence Sectors

  • The Defence Sector have disclosedย FDI valued at US$ 612 million (Rs. 5,๏ปฟ077 crore). The government further encourages FDI by fostering collaboration on specialized defense technologies with foreign OEMs

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