New Delhi: In a sign that reflects investor confidence in the Centre's 'Make in India' initiative, the foreign direct investment (FDI) into the country has witnessed a 48 per cent jump in the seven-month period till April 2015, the Commerce and Industry Ministry said on Tuesday.
The initiative was launched on September 25 last year with an aim to make India a manufacturing hub of the world.
The ministry also said that in 2014-15, Foreign Institutional Investors (FIIs) investment grew by "717 per cent" to $40.92 billion.
Further, FDI inflows under the approval route grew 87 per cent to $2.22 billion during the previous fiscal.
"These indicators showcase remarkable pace of approval being accorded by the government and confidence of investors in the resurgent India," the ministry said in a statement.
The 'Make in India' initiatives and its outreach to all investors have made a positive investment climate for India, it said.
It also said that India stands committed to have a FDI policy and regime which is investor friendly and also promotes investment leading to increased manufacturing, job creation and overall economic growth of the country.