FDI into India rose by 37% in last year

Foreign direct investment into India expanded by 37% to $43.85 billion during April-November 2020, as per information by the commerce and industry ministry.

Complete FDI inflows (counting reinvested income) during the eight-month time of the current financial developed by 22% to $58.37 billion, the ministry said on Wednesday.

“FDI value inflow got during 2020-21 (April to November, 2020) is $43.85 billion. It is the most elevated ever for the initial 8 months of a financial year and 37% more contrasted with the initial 8 months of 2019-20 ($32.11 billion),” it said.

It added that FDI is a significant driver of financial development and a significant source of non-debt finance for the economic improvement of India.

“Measures taken by the public authority on the fronts of FDI policy reforms, venture help and simplicity of working together have brought about increased FDI inflows into the country,” it said.