Total FDI inflow of US$ 58.37 billion received during April to November, 2020
New Delhi: During April to November, 2020, total FDI inflow of US$ 58.37 billion was received. It is the highest ever for first 8 months of a financial year and 22% higher as compared to first 8 months of 2019-20 (US$ 47.67 billion), the Ministry of Commerce and Industry, stated here today.
FDI equity inflow received during Financial Year 2020-21 (April to November, 2020) was US$ 43.85 billion. It is also the highest ever for first 8 months of a financial year and 37% more compared to first 8 months of 2019-20 (US$ 32.11 billion).
“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 stated.
According to it, the Foreign Direct Investment (FDI) was a major driver of economic growth and an important source of non-debt finance for the economic development of India. “It has been the endeavor 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 steps taken in this direction have borne fruit, as is evident from the ever-increasing volumes of FDI inflows being received into the country,” it stated.
– global bihari bureau
