India to be USD 100 bn FDI destination by 2022: PHD Chamber

India is approaching towards USD 100 billion FDI inflow per annum by 2022 as volumes of foreign direct investment are increasing year after year, PHD Chamber of Commerce and Industry Vice President D K Aggarwal said Monday.

The annual FDI inflows in the country increased from USD 36 billion in 2013-14 to USD 62 billion in 2017-18, said, Aggarwal.

Make in India has been instrumental during the last four years to attract FDI reforms in the country. Despite the global challenges, the country was able to attract the tremendous flow of investments, said Aggarwal.

"We expect more improvement in the coming ratings of Ease of Doing Business as the country has adopted a historic reform -- the GST which is giving fruitful results," he added.