Chandigarh, May 28
Punjab Finance Minister Harpal Singh Cheema on Thursday said that India’s removal from the list of the world’s Top-15 economies for Foreign Direct Investment (FDI) confidence reflects the deepening crisis of investor trust under the BJP-led Central Government. Referring to the latest FDI Confidence Index rankings, The Finance Minister stated that while India was ranked among the world’s Top-10 investment destinations in 2016, it has now slipped completely out of the Top-15 list in 2026.
Citing the global rankings, Cheema said the development exposes the stark gap between the BJP Government’s publicity-driven claims and the actual condition of the Indian economy. In a post on X, he stated, “India was once among the world’s top destinations for foreign investment. In 2016, India ranked among the Top-10 economies for global FDI confidence. Today, India is not even in the Top-15.”
The Finance Minister remarked that foreign investors are increasingly looking at alternative economies because confidence in India’s investment environment has weakened significantly over the last decade. “Investors are losing confidence. MoUs remain on paper, the investment climate has weakened, policy uncertainty is rising and trade deals are being signed from a position of compromise rather than strength,” he noted.
Cheema further asserted that the BJP Government has consistently prioritised image management over meaningful economic reforms. “Despite all the tall claims of ‘Amrit Kaal’, the reality is that foreign investors are looking elsewhere while the BJP Government continues with headline management instead of real economic reforms,” he asserted.
