NEW DELHI : India is aiming to boost annual Foreign Direct Investment by more than 50% to help lift economic growth, according to a top official at the government’s investment promotion agency.
“For the next seven years, our goal is to draw $110 billion per year which amounts roughly $1 trillion plus over the next 10 years,” Nivruti Rai, Managing Director of Invest India, said in an interview with Bloomberg TV’s Paul Allen on Thursday. “We have to work hard toward growing at a rate higher than 10%.”
India’s . . .
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