FDI Inflows Up By 22% In April-December 2020

  • On Thursday, the government said that India attracted Foreign Direct Investment (FDI) of $67.54 billion during the April-December 2020, the highest ever for the first nine months of a financial year and 22% highest year-on-year.

  • The commerce and industry ministry said that FDI equity inflows rose 40% in the April-December of FY21 at $51.47 billion. Including equity inflows, re-invested earnings, and other capital the, the total FDI inflows were $55.14 billion in the first nine months of FY20 while FDI equity inflows were $36.77 billion.

  • The ministry, adding that the trends in FDI inflows are an endorsement of India’s status as a preferred investment destination amongst the global investors, stated, “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 in the country”.

  • The ministry, while emphasizing that the endeavor of the government is to put in place an enabling and investor- friendly FDI policy, said the intent all this while has been to make the FDI policy more investor-friendly and remove the policy bottlenecks that have been hindering the investment inflows into the country.

  • It stated, “Continuing on the path of FDI liberalization and simplification, the government has carried out FDI reforms across various sectors”.

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