The ministry said that in spite of Covid-19-related disruptions Gross Value Addition (GVA) in the manufacturing sector sees a trend of positive overall growth
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India's foreign direct investment (FDI) inflow increased from USD 45.15 billion in 2014-2015 to USD 84.84 billion in 2021-22, said Minister of State for Commerce and Industry, Som Parkash said in reply to a parliament question on Wednesday.
To enhance India’s manufacturing capabilities and exports, an outlay of Rs 1.97 lakh crore (over USD 26 billion) has been announced in budget 2021-22 for production-linked schemes (PLI) schemes for 14 key sectors of manufacturing, starting from fiscal year (FY) 2021-22, he said.
As per Economic Survey 2021-22, in spite of Covid-related disruptions, there is a trend of the positive overall growth of Gross Value Addition (GVA) in the manufacturing sector.
The total employment in this sector has increased from 57 million in the year 2017-18 to 62.4 million in the year 2019-20.
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Commerce and IndustrySom Parkashindiaeconomyparliamentforeign direct investmentfdi inflow
