IBEF: July 31, 2019
"In FY19, the country enlisted most raised ever FDI inflow of US$ 64.37 billion”.
Featuring the significance of FDI, it said the foreign inflows get resources, the most recent technology and best practices to drive financial growth on to a higher direction.
The Department for Promotion of Industry and Internal Trade (DPIIT) under the commerce and industry minister further said path breaking change measures attempted during the last financial year have resulted in India outperforming the FDI received in 2016-17 and enrolling an inflow of US$ 60.98 billion during 2017-18.
When Prime Minister Narendra Modi-led NDA government assumed power in 2014-15, the FDI inflows was US$ 45.14 billion. And the inflows were US$ 55.55 billion in the following year.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.