IBEF: August 10, 2015
New Delhi: Over the past three years, India has received US$ 24.91 billion in Foreign Direct Investment (FDI) from the European Union (EU). India received US$ 6.23 billion in FDI equity inflows from EU in FY 2012-13 which increased to US$ 9.06 billion in FY 2013-14. The FDI inflow was US$ 8.20 billion in FY 2014-15. In FY 2015-16, the FDI equity inflows from EU in first two months of current fiscal were US$ 1.39 billion, setting up a faster pace of inflows this year to surpass last year. The EU has been India's largest trading partner and the two-way trade is likely to increase significantly with the success of Free Trade Agreement, officially called the Broadbased Investment and Trade Agreement (BTIA).
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.