India is receiving foreign direct investments (FDI) of USD 70-80 billion ever year and is expected to hit USD 100 billion per annum in the coming years, a top government official said on Wednesday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Amardeep Singh Bhatia said the department is also streamlining approval processes for FDI applications. The government has taken a series of measures to promote investments into the country such as easing the norms in sectors such as defense, railways, insurance, and telecom. "We are targeting much higher investment flows. We have about USD 70 billion to USD 80 billion which is coming in every year. But we are expecting this to increase to at least USD 100 billion a year in the years to come," he told reporters here. Bhatia said FDI in most sectors are permitted through under automatic route, barring few that still remain in the restricted category. The overseas inflows in the last 10 years (2014-24) stood Read The Rest at :