FDI key to India’s aspiration to be a USD 5 trillion economy, says Deloitte CEO

Foreign Direct Investment (FDI) is critically important for India to become a USD 5 trillion economy, Deloitte CEO Punit Renjen said while noting that over two-fifths of the 1,200 business leaders surveyed in the US, UK, Japan and Singapore are planning additional or first-time investments in India.

Referring to the survey, he said India continues to be “one of the most attractive” FDI destinations.

“Despite the COVID-19 destruction, inflows hit a record high last year. Business leaders, whom Deloitte surveyed, are preparing to make additional and first-time investments in India,” Renjen told PTI.