India, has received $306 billion in FDI since 2000, is rated consistently among the world's top three destinations by global bodies such as the World Bank and UNCTAD because of "liberal foreign investment policies", the Government on Wednesday said.
"Between 1999-2004, India received $19.52 billion of foreign investment which increased to $114.55 billion between 2004-09, and increased further to $172.82 billion between 2009 to September 2013," the commerce and industry ministry said in a statement.
Recently, the Government had relaxed the FDI policy in sectors such as petroleum and natural gas; commodity exchanges; power exchanges; stock exchanges; asset reconstruction companies; single brand product retail trading; telecom and courier services.
"The result of the liberal foreign investment policies is that India has been consistently rated amongst the top three investment destinations globally by all international bodies including World Bank, UNCTAD," an official statement said.
It said that the country's policy as been progressively liberalised to make the investment regime more investor friendly."The review of FDI policy is done with a view to boost investor confidence thereby stimulating FDI inflows and contributing to accelerated economic growth.