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Indian foreign aid is the aid given by the Indian government to other governments. India's major quantum of foreign aid is given to neighbouring countries. According to India's budget in 2021–22, its direct overseas aid stood at ₹ 18,154 crore (US$2.1 billion). [1]
The Government of India has amended FDI policy to increase FDI inflow. In 2014, the government increased foreign investment upper limit from 26% to 49% in insurance sector. It also launched Make in India initiative in September 2014 under which FDI policy for 25 sectors was liberalised further.
The Department for Promotion of Industry and Internal Trade (DPIIT) is a central government department under the Ministry of Commerce and Industry in India. It is responsible for formulation and implementation of promotional and developmental measures for growth of the industrial sector, keeping in view the national priorities and socio-economic objectives.
In the 2024 budget, the Indian government reduced its overall allocation for aid to foreign countries by 10%. For example, aid to the Maldives has been cut by 22% for the 2024-25 financial year. This reduction comes amid a diplomatic row between India and the Maldives, which has influenced the adjustments in aid allocations.
Government is planning to leverage the incubators under Startup India Seed Fund Scheme (SISFS) to build applications for ONDC with vernacular language support for greater accessibility. [47] ONDC restricted referral commission of sending a buyer to a shopper at 3% compare to 30% in major eCommerce platforms. [3]
Funding in India’s space sector, a key part of the country’s ambitions to become a global superpower, plummeted by 55% in 2024 to $59.1 million from $130.2 million the previous year, according ...
Small Industries Development Bank of India (SIDBI) is the apex regulatory body for overall licensing and regulation of micro, small and medium enterprise finance companies in India. It is under the jurisdiction of Ministry of Finance , Government of India headquartered at Lucknow and having its offices all over the country.
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