23 July , 2020 Fdiindia
US FDI to India crosses the USD 40 bn mark
The Foreign Direct Investment from US to India is crossed the USD 40 billion mark in the year 2020. This has come as a major news. It indicates that American companies are trusting more and more Indian businesses for lucrative investments. The American companies, during COVID-19 pandemic were hit bad, and have been battering the effects of bad economy.
"Year to date investment from the US, including the recent ones, is over USD 40 billion," Aghi said.
In the recent weeks, the announcement of the FDI into India has been of over USD 20 billion.
"Investors' confidence in India is high. India still remains a very promising market for the global investors. If you look at the USD 20 billion... not just the US, but (investment) has also come from other geographies such as the Middle East and the Far East. "So, India still remains a very, very bullish market for the investor community," Aghi said in response to a question.
"We feel that Prime Minister (Narendra Modi's) intention is very high. The challenges lie on the execution side. Efforts are being made to encourage manufacturing... I've never seen it so better. The policy framework is moving in the right direction," he said.
"The question is how do you define protectionism... the administration here is saying America first and India is saying vocal for local...," Aghi added.