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India Saw an FDI Inflow of Almost $340 Billion Over the Last Five Years

    10 February , 2022         Fdiindia

India Saw an FDI Inflow of Almost $340 Billion Over the Last Five Years

Union Minister of State for Commerce and Industry Som Parkash said that India received foreign direct investment (FDI) inflows of $339.55 billion during the last five years.

According to government figures, FDI inflow in the country has been on the rise over the past few years. It was worth $45.15 billion in FY 2014-15 and touched $81.97 billion in FY 2020-21.

In a written reply to a question in the Lok Sabha, Parkash said that the government has implemented investor-friendly FDI policy which allows for 100 percent FDI under the automatic route for most sectors.

FDI in for the year 2016-17 was $60.22 billion. It increased to $60.97 billion in 2017-18 and further grew to $62 billion for FY 2018-19. During 2019-20, FDI inflows in India stood at $74.39 billion.

“Further, the policy on FDI is reviewed on an ongoing basis, to ensure that India remains attractive & investor friendly destination. Changes are made in the policy after having consultations with stakeholders including apex industry chambers, associations, representatives of industries/groups and other organizations,” Parkash said.

The past year saw many reforms taking place in the FDI policy across various sectors such as telecom, petroleum and natural gas, defense and insurance.

Mr. Parkash listed the benefits of foreign direct investment inflows in India such as enhancing domestic investments, generation of job opportunities in sectors and related industries, and accelerating industrial development.

“Further, such investments bring international best practices and latest technologies which facilitate in skill development, export promotion and improvement of overall competitiveness of economy leading to overall economic growth and development in the country,” he added.


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