Total FDI inflow for the period of last 6 years grew by 55 per cent
The total Foreign Direct Investment inflow for the period of last 6 years grew by 55 per cent due to measures taken by the government on policy reforms, investment facilitation and ease of doing business, according to an official release.
It stated that total FDI inflow grew from USD 231.37 billion in 2008-14 to USD 358.29 billion in 2014-20, while FDI equity inflow also rose by 57 per cent from USD 160.46 billion during 2008-14 to USD 252.42 billion in 2014-20.
In the financial year 2020-21 from April to August, total FDI inflow of USD 35.73 billion has been received.
According to the release, it is the highest ever for first five months of a financial year and 13 per cent higher as compared to the first five months of the financial year 2019-20 (USD 31.60 billion).
FDI equity inflow received during fiscal 2020-21, April to August, is USD 27.10 billion. It is also the highest ever for the first five months of a financial year and 16 per cent more compared to first the five months of 2019-20 (USD 23.35 billion), it stated.
“It has been the endeavour of the government to put in place an enabling and investor-friendly FDI policy. 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,” the release stated.
“The steps taken in this direction during the last six years have borne fruit as is evident from the ever-increasing volumes of FDI inflows being received into the country,” it added.
