FDI
Foreign Direct Investment (FDI) plays a pivotal role in the economic growth of any economy. FDI in India is governed in accordance with the FDI policy and norms as laid out and amended from time to time by the Government of India. Furthermore, FDI in India is also governed by the Master circular on foreign investments issued by the Reserve Bank of India and Foreign Exchange Management (Transfer or Issue of security by any person residing outside India) Regulations, 2017 (TISPRO).
One of the most globally recognized sectors the estate sector mainly comprise housing ,retail , hospitality and commercial. the estate sector in India is expected to reach a market size of US $1 trillion by the area 2030 and contribute about per cent of the country’s totally gross domestic product (GDP)by 2025.
Almost 80 per cent of real estate in India is residential space, while the rest encompasses office space , shopping malls, hotel and hospitals. Rights after the agricultural sector,this sector is the second largest employment generator in India
The ‘Consolidated FDI Policy Circular’ is issued annually by the Department of Industrial Policy and Promotion (DIPP) of the Ministry of Commerce and Industry which elaborates the policies and processes with respect to FDI in India. FDI is a key component in global economic integration. It is a form of cross border investment with the objective of establishing a lasting interest in a resident enterprise based in one country by an enterprise operating in another country.
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