Attract at least US$10 billion of foreign direct investment a year
“Our target is to achieve at least $ 10 billion per year which will commensurate with our growth objectives.”
The verdict
Under the revised (broader) RBI definition, aggregate FDI inflows were about US$4.7 billion in 2001-02 and were estimated at about US$4.5 billion for 2003-04, under half the US$10 billion annual target.
Rule applied: Partially kept: 25–49% of the target met → 4
“Ten billion a year was the target; the best year reached a little under half.”
Evidence timeline
- BudgetUndated· Ministry of Finance (Economic Survey 2003-04)supportsEconomic Survey 2003-04: Foreign Direct Investment ↗
“Aggregate FDI inflows declined by more than US$ 1 billion in 2002-03 to US$ 3.6 billion from US$ 4.7 billion in 2001-02... FDI inflows for the full year of 2003-04 have been estimated at US$ 4.5 billion”
More economy promises from this manifesto
Raise GDP growth to the 7-8% bracket
“The growth target showed up once, in the final year, just before the bill came due.”
Control the fiscal and revenue deficits
Glass aadha bhara hai. Ya aadha khaali. Depends kaun puch raha hai.
Examine and enact a Fiscal Responsibility Act
Arre wah! Ye toh sach mein hua.
Promise ID nda-ls-1999-004 · drafted 5 Oct 2026 by research-agent · JSON