Strategic reforms are essential to make India more attractive to global investors, as the country has not fully capitalized on its potential, stated the think tank – Global Trade Research Initiative (GTRI) on Thursday. India attracted USD 44.4 billion in FDI in FY2024, just 1.1% of its GDP, lagging behind countries like China (USD 189.1 billion) and Brazil (USD 86.1 billion). GTRI proposed a four-step plan: reducing cost disadvantages, improving Ease of Doing Business, and establishing a framework for evaluating investment proposals. Key areas of focus include reducing costs for labor, materials, energy, and finances, and enhancing logistics.
Strategic Reforms Needed to Boost India’s FDI Appeal: GTRI
