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Foreign direct investment (FDI) in India is the major monetary source for economic development in India.Foreign companies invest directly in fast growing private Indian businesses to take benefits of cheaper wages and changingbusiness environment of India. Economic liberalization started in India in wake of the 1991 economic crisis and since thenFDI has steadily increased in India. Government initially increased foreign investment upper limit from 26% to 49% ininsurance sector. It also launched Make in India initiative in September 2014 under which FDI policy for 25 sectors wasliberalized further. India was ranking 15th in the world in 2013 in terms of FDI inflow, it rose up to 9th position in 2014while in 2015 India became top destination for foreign direct investment. Singapore, Mauritius, the Netherlands and the USaccount for the major share of FDI inflows into India. Service sector accounts for 31%, Telecom Sector accounts for 12%and Computer and IT accounts for 12% FDI inflows. The major objective behind “Make in India” initiative is to focus onheavy industries and empowering secondary and tertiary sectors. If authorities facilitate the requirements of the nationalprograms of 100 “Smart Cities” and “Industrial Corridors” India needs to reboot its economy. After several years of grossnational product (GNP) growth averaging 7.7%, between 2002 and 2011, this pace slowed down to around 5% in 2013 and2014. Make-in-India will help us by making India a global manufacturing hub, creating millions of jobs in the country.Government has announced several steps to improve the business environment by easing processes to do business in thecountry. It will also help to foster innovation, protect intellectual property, and enhance skill development. It is reported thatFDI inflow of most of the sectors have drastically increased in the year 2014-15 than 2013-14 due to the positive impact ofMake in India Campaign. FDI Inflow and Equity inflow has increased 47% and 60% respectively after the Make in Indiacampaign over time duration of 24 months period.

Prof. Vaibhav Shahaji Patil, Prof. Sangeeta Bhuyan, Prof. Priyanka Pandita, “Impact of Make-In-India Campaign on FDI inflows in Indian Economy”, International Journal of Advance Engineering and Research Development (IJAERD), Vol. 3, Issue 12, pp. 430-438, December 2016.