Home » FDI increased 40% to $ 51.47 billion in April 2020
Business

FDI increased 40% to $ 51.47 billion in April 2020

Foreign direct investment (FDI) in India increased by 40% to $ 51.47 billion during April-December 2020-21, according to government data released on Thursday.

India attracted 22% more FDI inflows (including reinvested income) of $ 67.54 billion during the first nine months of the current financial year as compared to $ 55.14 billion in the same period 2019-20.

“FDI equity inflows increased by 40% ($ 51.47 billion) in the first nine months of 2020-21,” the Ministry of Commerce and Industry said.

Inflows increased 37% to $ 26.16 billion in the third quarter of 2020–21 (October – December 2020).

In December, FDI rose 24% to $ 9.22 billion, the figure shows.

According to the ministry, FDI inflows into the country have increased as a result of measures taken by the government on fronts to improve FDI policy, facilitate investment and ease of doing business.

Foreign flows are a major driver of economic growth and an important source of non-debt finance for India's economic development.

“The steps taken in this direction during the last six-and-a-half years have resulted from the increasing amount of foreign direct investment in the country. FDI is carried out by the government, following the path of liberalization and simplification. The ministry has Said that there has been improvement in FDI in various sectors.

You have reached your limit for free articles this month.

Membership benefits included

Today's paper

Get a mobile-friendly version of the article from the newspaper of the day in an easy-to-read list.

unlimited access

Enjoy reading as many articles as you want without any limitations.

Personal recommendations

A selected list of articles that match your interests and tastes.

Fast page

Move seamlessly between articles as our pages instantly.

Dashboard

One-stop- to see the latest updates and manage your preferences.

Talk

We inform you about the latest and most important events three times a day.

Support quality journalism.

* Our digital subscription plans currently do not include e-paper, crosswords and print.

.

About the author

admin

Add Comment

Click here to post a comment