New Delhi - India aims to attract at least $100 billion a year in gross foreign direct investment, a top official said, as the South Asian nation courts investors looking to diversify away from China.
“Our target is that we will average at least $100 billion over the next five years. The trend is very positive and upward,” Rajesh Kumar Singh, secretary in the Department for Promotion of Industry and Internal Trade, was quoted as saying in an interview in New Delhi recently.
The ambitious target compares with an annual average of more than $70 billion . . .
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