Phase IFoundation
Background
Overview
FDI is vital for India's economic development, industrialization, and integration into global value chains. Economic diplomacy is a key instrument for India to achieve its economic growth targets, enhance its global competitiveness, and strengthen strategic bilateral relationships.
Foreign Direct Investment (FDI) refers to an investment made by a firm or individual in one country into business interests located in another country, typically involving a lasting interest and control. Economic diplomacy, on the other hand, is the use of a country's economic resources and influence to achieve its foreign policy objectives, often focusing on promoting trade, attracting investment, and fostering development cooperation.