Lok Sabha Question No. 4912 (UNSTARRED), answered on 2025-04-01
Subject: Share of India in World GDP
Ministry: COMMERCE AND INDUSTRY
Asked by: Shri Deepender Singh Hooda

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT FOR PROMOTION OF INDUSTRY AND INTERNAL TRADE

## LOK SABHA

UNSTARRED QUESTION NO. 4912. TO BE ANSWERED ON TUESDAY, THE 01 ST  APRIL, 2025.

## SHARE OF INDIA IN WORLD GDP

## 4912.  SHRI DEEPENDER SINGH HOODA:

Will the Minister of COMMERCE AND INDUSTRY be pleased to state: वाणिज्य एवं उद्योग मंत्री

- (a) whether the share of India in World GDP has increased significantly during the last five financial years including the current Financial Year 2024-25, if so, the details thereof;
- (b) the  details  of  the  Foreign  Direct  Investment  (FDI)  proposals  received  and investment made during five financial years including the current FY 2024-25, sector and State/UT-wise;
- (c) the details of the licences granted out of the said FDI proposals during the said period, sector and State/ UT-wise;
- (d) the steps taken by the Government to boost FDI in the country; and
- (e) if so, the details thereof?

## ANSWER

वाणिज्य एवं उद्योग मंत्रालय में राज्य मंत्री ( श्री णिणिन प्रसाद ) THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY (SHRI JITIN PRASADA)

- (a): The details of the share of India in World GDP and its growth, as per IMF World Economic Outlook Database (October 2024), are as under:

|                                                 | 2020      | 2021      | 2022        | 2023        | 2024        |
|-------------------------------------------------|-----------|-----------|-------------|-------------|-------------|
| World GDP (US Dollar Billions)                  | 85,519.46 | 97,402.91 | 1,01,409.37 | 1,05,685.12 | 1,10,064.92 |
| India's GDP (US Dollar Billions)                | 2,674.85  | 3,167.27  | 3,353.47    | 3,567.55    | 3,889.13    |
| Ratio of India's GDP to World GDP (In Per cent) | 3.13      | 3.25      | 3.31        | 3.38        | 3.53        |

Note: GDP is taken in current prices. For India, the data is presented on a Financial year basis, with the value for FY2024-25 shown in the column for 2024.

- (b): Ministry/ Department-wise data, as maintained by this Department on Foreign Direct  Investment  (FDI)  proposals  received  during  the  period  April  2019  to March  2025  (upto  27.03.2025)  is  at  Annexure-I.  The  sector-wise  details  of investment reported through FDI equity inflow since April 2019 till December 2024  are  at  Annexure-II.  The  State/UT-wise  data  of  FDI  equity  inflow  is maintained  w.e.f.  October,  2019  onwards.  Accordingly,  the  State/UT-wise details of investment reported through FDI equity inflow since October, 2019 till December, 2024 are at Annexure-III.
- (c): The  data  on  the  licences  granted  out  of  the  FDI  proposals  is  not  centrally maintained.
- (d) & (e): To promote Foreign Direct Investment (FDI), the Government has put in place an investor friendly policy, wherein most sectors, except certain strategically important sectors, are open for 100% FDI under the automatic route (without government approval). More than 90% of the FDI inflow is received under the automatic route. India continues to open up its economy to global investors by raising FDI limits, removing regulatory barriers, developing infrastructure and improving business environment.

Further,  to  ensure  that  India  remains  an  attractive  and  investor  friendly destination, the Government reviews FDI policy on an ongoing basis and makes changes from time to time after having intensive consultations with stakeholders including apex industry chambers, Associations, representatives of  industries/groups  and  other  organizations  taking  into  consideration  their views/comments. FDI policy provisions have been progressively liberalized and simplified across various sectors such as Pension, Other Financial Services, Asset reconstruction Companies, Broadcasting, Pharmaceuticals, Single Brand Retail Trading, Construction & Development,  Power Exchanges, ecommerce activities, Coal Mining, Contract Manufacturing, Digital Media, Civil Aviation etc. In the recent past, reforms in the FDI Policy have been undertaken in sectors such as Defence, Insurance, Petroleum & Natural Gas and Telecom. Brief of FDI Reforms since 2019 is at Annexure-IV.

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## ANNEXURE-I

## ANNEXURE REFERRED TO IN REPLY TO PART (b) OF THE LOK SABHA UNSTARRED QUESTION NO. 4912 FOR ANSWER ON 01.04.2025.

## Ministry/Department wise FDI proposals received since April 2019 till March 2025 (as on 27.03.2025)

| S. No.   | Ministry Name                                           |   Total (in number) |
|----------|---------------------------------------------------------|---------------------|
| 1        | Department for Promotion of Industry and Internal Trade |                 222 |
| 2        | Ministry of Electronics and Information Technology      |                 161 |
| 3        | Department of Economic Affairs                          |                 147 |
| 4        | Department of Pharmaceuticals                           |                 117 |
| 5        | Ministry of Heavy Industry                              |                  59 |
| 6        | Department of Telecommunications                        |                  54 |
| 7        | Department of Financial Services                        |                  54 |
| 8        | Ministry of New and Renewable Energy                    |                  34 |
| 9        | Department of Chemicals and Petrochemicals              |                  29 |
| 10       | Ministry of Information and Broadcasting                |                  21 |
| 11       | Department of space                                     |                  14 |
| 12       | Ministry of Food Processing Industries                  |                  13 |
| 13       | Ministry of Textiles                                    |                  12 |
| 14       | Department of Commerce                                  |                  10 |
| 15       | Ministry of Housing and Urban Affairs                   |                  10 |
| 16       | Ministry of Home Affairs                                |                   9 |
| 17       | Ministry of Power                                       |                   7 |
| 18       | Ministry of Railways                                    |                   6 |
| 19       | Ministry of Tourism                                     |                   6 |
| 20       | Ministry of Petroleum and Natural Gas                   |                   5 |
| 21       | Department of Defense Production                        |                   4 |
| 22       | Ministry Of Youth Affairs And Sports                    |                   4 |
| 23       | Ministry of Labour and Employment                       |                   4 |
| 25       | Ministry of Agriculture and Farmers Welfare             |                   3 |
| 26       | Ministry of Civil Aviation                              |                   3 |
| 27       | Ministry of Health and Family Welfare                   |                   3 |
| 28       | Ministry of Steel                                       |                   3 |
| 29       | Department of Higher Education (MHRD)                   |                   3 |
| 31       | Ministry of Shipping                                    |                   3 |
| 32       | Department of Food & Public Distribution                |                   3 |
| 33       | Ministry Of Fisheries, Animal Husbandry And Dairying    |                   6 |
| 34       | Ministry of Mines                                       |                   1 |
| 36       | Ministry of Road Transport and Highways                 |                   1 |
| 37       | Department Of School Education And Literacy             |                   1 |
|          | Total                                                   |                1033 |

*******

## ANNEXURE-II

## ANNEXURE REFERRED TO IN REPLY TO PART (b) OF THE LOK SABHA UNSTARRED QUESTION NO. 4912 FOR ANSWER ON 01.04.2025.

## SECTOR-WISE FDI EQUITY INFLOW FROM April 2019 TO December 2024 Amount (In USD Million)

| Sr. No.   | Sector                                                                                                      | Amount of FDI Equity Inflow   |
|-----------|-------------------------------------------------------------------------------------------------------------|-------------------------------|
| 1         | 2                                                                                                           | 3                             |
| 1         | Agricultural Machinery                                                                                      | 1,274.99                      |
| 2         | Agriculture Services                                                                                        | 968.05                        |
| 3         | Air Transport (including Air Freight)                                                                       | 3,304.88                      |
| 4         | Automobile Industry                                                                                         | 16,131.77                     |
| 5         | Boilers And Steam Generating Plants                                                                         | 2.23                          |
| 6         | Cement And Gypsum Products                                                                                  | 2,637.14                      |
| 7         | Ceramics                                                                                                    | 176.96                        |
| 8         | Chemicals (Other Than Fertilizers)                                                                          | 6,366.94                      |
| 9         | Commercial, Office & Household Equipments                                                                   | 105.33                        |
| 10        | Computer Software & Hardware                                                                                | 71,164.92                     |
| 11        | Construction (Infrastructure) Activities                                                                    | 20,896.80                     |
| 12        | Construction Development: Townships, Housing, Built-up Infrastructure And Construction-development Projects | 1,847.95                      |
| 13        | Consultancy Services                                                                                        | 5,492.12                      |
| 14        | Defence Industries                                                                                          | 14.43                         |
| 15        | Diamond, Gold Ornaments                                                                                     | 269.25                        |
| 16        | Drugs & Pharmaceuticals                                                                                     | 7,344.90                      |
| 17        | Dye-stuffs                                                                                                  | 14.79                         |
| 18        | Earth-moving Machinery                                                                                      | 228.77                        |
| 19        | Education                                                                                                   | 7,422.29                      |
| 20        | Electrical Equipments                                                                                       | 5,142.11                      |
| 21        | Electronics                                                                                                 | 3,902.38                      |
| 22        | Fermentation Industries                                                                                     | 1,871.97                      |
| 23        | Fertilizers                                                                                                 | 58.92                         |
| 24        | Food Processing Industries                                                                                  | 3,934.58                      |
| 25        | Glass                                                                                                       | 744.08                        |
| 26        | Glue And Gelatin                                                                                            | 107.05                        |
| 27        | Hospital & Diagnostic Centres                                                                               | 5,596.10                      |
| 28        | Hotel & Tourism                                                                                             | 6,122.44                      |
| 29        | Industrial Instruments                                                                                      | 9.55                          |
| 30        | Industrial Machinery                                                                                        | 2,092.78                      |
| 31        | Information & Broadcasting (including Print Media)                                                          | 3,179.70                      |
| 32        | Leather, Leather Goods And Pickers                                                                          | 136.56                        |
| 33        | Machine Tools                                                                                               | 336.60                        |
| 34        | Medical And Surgical Appliances                                                                             | 2,084.56                      |
| 35        | Metallurgical Industries                                                                                    | 7,024.15                      |
| 36        | Mining                                                                                                      | 958.60                        |
| 37        | Miscellaneous Industries                                                                                    | 3,446.94                      |
| 38        | Miscellaneous Mechanical & Engineering Industries                                                           | 956.95                        |
| 39        | Non-conventional Energy                                                                                     | 13,503.29                     |
|           | Petroleum                                                                                                   | 1,117.93                      |
| 41        | & Natural Gas                                                                                               |                               |

| 42   | Power                                                                                                                      | 5,368.41   |
|------|----------------------------------------------------------------------------------------------------------------------------|------------|
| 43   | Prime Mover (Other Than Electrical Generators)                                                                             | 982.92     |
| 44   | Printing of Books (including Litho Printing Industry)                                                                      | 1,160.87   |
| 45   | Railway Related Components                                                                                                 | 458.93     |
| 46   | Retail Trading                                                                                                             | 3,147.37   |
| 47   | Rubber Goods                                                                                                               | 778.98     |
| 48   | Scientific Instruments                                                                                                     | 256.53     |
| 49   | Sea Transport                                                                                                              | 2,566.76   |
| 50   | Services Sector (fin., Banking, Insurance, Non Fin/business, Outsourcing, R&d, Courier, Tech. Testing And Analysis, Other) | 42,618.76  |
| 51   | Soaps, Cosmetics & Toilet Preparations                                                                                     | 994.79     |
| 52   | Sugar                                                                                                                      | 35.79      |
| 53   | Tea And Coffee (Processing & Warehousing Coffee & Rubber)                                                                  | 137.85     |
| 54   | Telecommunications                                                                                                         | 7,209.99   |
| 55   | Textiles (including Dyed,printed)                                                                                          | 1,452.27   |
| 56   | Timber Products                                                                                                            | 94.11      |
| 57   | Trading                                                                                                                    | 23,712.14  |
| 58   | Vegetable Oils And Vanaspati                                                                                               | 206.67     |
|      | Gross-Total                                                                                                                | 299,514.91 |

*FDI  Data  is  published  on  quarterly  basis.  Total  FDI  inflow  includes  equity  inflow,  equity capital of unincorporated bodies, re-invested earnings, and other capital. Sector/State/Country-wise details are maintained only for equity component of FDI inflow.

*********

## ANNEXURE-III

## ANNEXURE  REFERRED  TO  IN  REPLY  TO  PART  (b)  OF  THE  LOK  SABHA UNSTARRED QUESTION NO. 4912 FOR ANSWER ON 01.04.2025.

## STATE-WISE FDI EQUITY INFLOW FROM October 2019 TO December 2024

Amount (In USD Million)

| Sr. No.   | State Name                               | Amount of FDI Equity Inflow   |
|-----------|------------------------------------------|-------------------------------|
| 1         | 2                                        | 3                             |
| 1         | ANDHRA PRADESH                           | 1,111.31                      |
| 2         | ARUNACHAL PRADESH                        | 7.03                          |
| 3         | ASSAM                                    | 23.21                         |
| 4         | BIHAR                                    | 215.76                        |
| 5         | CHANDIGARH                               | 111.32                        |
| 6         | CHHATTISGARH                             | 97.31                         |
| 7         | Dadra and Nagar Haveli and Daman and Diu | 179.29                        |
| 8         | DELHI                                    | 36,169.37                     |
| 9         | GOA                                      | 182.16                        |
| 10        | GUJARAT                                  | 44,766.94                     |
| 11        | HARYANA                                  | 12,572.30                     |
| 12        | HIMACHAL PRADESH                         | 328.34                        |
| 13        | JAMMU AND KASHMIR                        | 1.33                          |
| 14        | JHARKHAND                                | 2,667.11                      |
| 15        | KARNATAKA                                | 55,527.87                     |
| 16        | KERALA                                   | 1,363.72                      |
| 17        | LADAKH                                   | 0.22                          |
| 18        | MADHYA PRADESH                           | 602.69                        |
| 19        | MAHARASHTRA                              | 85,737.41                     |
| 20        | MANIPUR                                  | 0.0006                        |
| 21        | MEGHALAYA                                | 1.20                          |
| 22        | NAGALAND                                 | 0.06                          |
| 23        | ODISHA                                   | 172.79                        |
| 24        | PUDUCHERRY                               | 69.72                         |
| 25        | PUNJAB                                   | 1,209.42                      |
| 26        | RAJASTHAN                                | 2,627.90                      |
| 27        | TAMIL NADU                               | 13,840.90                     |
| 28        | TELANGANA                                | 9,844.94                      |
| 29        | TRIPURA                                  | 1.23                          |
| 30        | UTTAR PRADESH UTTARAKHAND                | 1,941.82 217.52               |
| 31        |                                          |                               |
| 32        | WEST BENGAL                              | 1,794.08                      |
| 33        | State Not Indicated                      | 32.93                         |
|           | Gross-Total                              | 273,419.20                    |

*FDI  Data  is  published  on  quarterly  basis.  Total  FDI  inflow  includes  equity  inflow,  equity  capital  of unincorporated bodies, re-invested earnings, and other capital. Sector/State/Country-wise details are maintained only for equity component of FDI inflow.

********

## ANNEXURE-IV

## ANNEXURE REFERRED TO IN REPLY TO PARTS (d) & (e) OF THE LOK SABHA UNSTARRED QUESTION NO. 4912 FOR ANSWER ON 01.04.2025.

## Brief - FDI Policy Reforms

Recent FDI Reforms since 2019 are as follows:

## 2019

- i. 100% FDI under automatic route permitted for sale of coal and other coal mining activities including  associated  processing  infrastructure  like  coal  washery,  crushing  etc.  Earlier, 100% FDI under automatic route was permitted in coal mining for captive consumption only.
- ii. In Manufacturing sector,100% FDI under automatic route allowed in contract manufacturing on Principal to Principal or Principal to Agent basis.
- iii. Single Brand Retail Trading (SBRT)- All procurements made from India by SBRT entity shall be counted towards local sourcing, irrespective of whether goods procured are sold in India or exported.
- iv. In  digital  media,  26%  FDI  has  been  permitted  under  government  route  for  uploading/ streaming of News & Current Affairs. Earlier 49% in TV channels and 26% Print media already allowed.

## 2020

- i. 100% FDI permitted in Insurance Intermediaries like insurance brokers, consultants, TPAs, Surveyors and Loss Assessors etc. 49% FDI allowed for insurance companies through automatic route.
- ii. FDI in Air Transport Service permitted up to 100% under automatic route by NRIs. For others  the  cap  for  automatic  remains  at  49%  under  automatic  route  and  100%  via Government route.
- iii. Press Note-3 - Investment only through Government Route, if investor entity belongs to any land border sharing country, or if the beneficial owner of such investment resides there or is a citizen of such country. Further, if ownership of any existing or future FDI in an entity in India is transferred so that beneficial ownership falls within this restriction then such change will also require Government approval.
- iv. FDI in defence sector has been allowed up to 74% through automatic route (from earlier 49%) for companies seeking new industrial licenses. FDI beyond 74% and up to 100% permitted under Government route.

## 2021

- i. FDI in Insurance Companies increased from 49% to 74% under the automatic route and foreign ownership and control allowed with safeguards.
- ii. Investment by NRI(s) on non- repatriation basis are deemed to be domestic investments at par with residents.
- iii. FDI  up  to  100%  under  automatic  route  permitted  in  PSUs  of  PNG  sector,  where Government has accorded an 'in-principle' approval for strategic disinvestment.
- iv. 100% FDI in Telecom Sector allowed under Automatic Route.

## 2022

20% FDI allowed in Life Insurance Corporation (LIC) under automatic route.

## 2024

Space  sector  has  been  liberalized  for  foreign  direct  investment  in  prescribed  subsectors/activities.

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