New Delhi: India has crossed a milestone of $1 trillion in cumulative foreign direct investment (FDI) inflows since April 2000, led by improved global competitiveness, a dynamic innovation ecosystem, and a business-friendly environment, the commerce and industry ministry said Thursday.

It also said that Taiwanese companies are increasingly shifting their supply chains to India due to global trade tensions, with FDI from Taiwan surpassing $665 million between 2018 and 2024.

This achievement was bolstered by a nearly 26% rise in FDI to $42.1 billion during the first half of the current fiscal year, reflecting India’s growing appeal as a global investment destination, it said.

Over the last decade (April 2014 to September 2024), total FDI inflows amounted to $709.84 billion, accounting for 68.69% of the overall FDI inflow in the past 24 years.

“This robust inflow of investments underscores India's pivotal role in shaping the global economic landscape,” the ministry said, attributing the growth to
India’s competitiveness and innovation, policy reforms such as Make in India, global investment standing and improved business environment.

As per the statement, in June 2024, India saw an increase in outward FDI commitments to $2.14 billion compared to $1.14 billion in June 2023, despite a decrease from $2.22 billion in May 2024.