FDI inflows rose in 2014-15 from three countries visited by PM Modi

New Delhi: Foreign Direct Investment (FDI) inflows to India have increased in 2014-15 from three out of the four major investing nations which were visited by Indian Prime Minister Mr Narendra Modi from June 2014 to July 2015. Among the four nations, FDI inflows increased from Mauritius, Japan and the US while FDI inflow from Australia declined marginally. All visits had a substantial economic component as part of the agenda. FDI inflows have increased from eight out 10 major countries visited by the Prime Minister. Overall, FDI equity inflows have increased by 27.3 per cent from US$ 24.3 billion in FY 2013-14 to US$ 30.9 billion in FY 2014-15. FDI inflows in the first two months of the current fiscal FY 2015-16 have increased 40 per cent to US$ 5.3 billion. Delhi was the top FDI destination while Gujarat secured fifth position in receiving foreign investments.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.