FDI inflows can grow ten-fold, onus on govt to get that done: Experts
Foreign investors see tremendous growth opportunities in India and can infuse here FDI worth about USD 250 billion a year, but they want a guarantee for a progressive and investment friendly policy framework, a top management guru has said.
"If we want to take the FDI from the current USD 20-30 billion to about USD 250 billion a year, the investors making this investment would need to see the progress that has been made to guarantee him growth," MIT Sloan School of Management's Deputy Dean S P Kothari told PTI.
"The investors would ask for a policy framework that is progressive and investment friendly," Kothari said here ahead of Citi-MIT Sloan Symposium.
Talking about India's growth potential, Pankaj Vaish, MD and Head of Markets at Citi South Asia, said that India can think of growing FDI to over ten times of the current level.
"There are opportunities in areas like manufacturing and food processing, where FDI can help in containing inflation. We need to imbibe the global best practices which we can learn from global corporations who would bring in this FDI.
"It is not merely about the foreign money, but the access the money gets in terms of better products and services. FDI worth USD 25 billion is good, but minuscule when compared to the size and opportunity of India. Our goal should be 8-10 times of the current level of FDI investment," Vaish said.
"I believe we should aim for 20 uninterrupted years of around 10 per cent GDP growth. It should be our
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