"India aims to attract $100 bn a year in FDI as it woos China hedgers India aims to attract at least $100 billion a year in gross foreign direct investment, a top official said, as the South Asian nation courts investors looking to diversify away from China. “Our target is that we will average at least $100 billion over the next five years. The trend is very positive and upward,” Rajesh Kumar Singh, secretary in the Department for Promotion of Industry and Internal Trade, said in an interview in New Delhi.  The ambitious target compares with an annual average of more than $70 billion in FDI in the five years through March 2023 and would be a reversal in trend after last year’s decline. Singh said that the figure for the current fiscal year will be “closer to” the $100 billion target. ©SHIRSENDU KARMAKAR "