Dec 4, 2024- In a compelling analysis titled ‘India Inc flexes muscles on global stage,’ fDi Intelligence underscores India’s rise as a global FDI source market. With a record-breaking 195 overseas projects announced in Q3 2024, India ranked as the fifth-largest global contributor in Q3 2024. Moreover, over 400 companies announced at least one overseas project in the first 10 months of 2024 alone, and fDi Intelligence attributes this shift to slowing domestic consumer demand and the pressure to establish stronger footholds in major export markets. The UAE, US, UK, and Canada rank among the top destinations of Indian corporate expansion, highlighting a shift from traditional Asia-Pacific hubs to Western and Middle Eastern markets.
Notably, the analysis includes insights from Kavan Bhandary, Director of Nueconomy, who emphasized India’s meteoric evolution into a high-volume, low-capex FDI source market.
“The investment profile has diversified significantly beyond IT services,”
Mr. Bhandary remarked.
The article also explores how Indian firms are navigating the challenges of protectionist policies in key markets.
As India’s outbound investments continue to climb, this trend reflects not only the resilience of Indian enterprises but also their adaptability and ambition to redefine their global footprint. Nueconomy is proud to contribute to this dialogue, providing data-driven insights and strategic guidance to firms navigating these transformative shifts.
Read the full article here.
To know more about Nueconomy’s dedicated investment promotion services and solutions, reach out to us today.
