On Wednesday, the Union Commerce & Industry ministry said that the Foreign Direct Investment (FDI) increased 22% in the April-November period.
In total, India received $58.31Bn in the form of FDI.
In the FY2019-20, during the corresponding period, India received $47.67Bn in the form of FDI. The first 8 months of FY2020-21 received 22% higher FDI than the first 8 months of FY2019-20.
“It is also the highest ever for the first 8 months of a financial year,” the ministry said.
“Measures taken by the Government on the fronts of FDI policy reforms, investment facilitation, and ease of doing business have resulted in increased FDI inflows into the country,” the ministry also said.