homeeconomy News

FDI up 16 percent to USD 27.1 bn in Apr Aug: Govt data

FDI up 16 percent to USD 27.1 bn in Apr-Aug: Govt data

FDI up 16 percent to USD 27.1 bn in Apr-Aug: Govt data
Profile image

By PTI Oct 20, 2020 10:42:28 PM IST (Published)

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.

Foreign direct investment (FDI) in India has increased by 16 percent year-on-year to USD 27.1 billion during April-August this year, the Commerce and Industry Ministry said on Tuesday.

Recommended Articles

View All

During April-August last year, India had received FDI worth USD 23.35 billion.
The ministry said that the total FDI, which includes reinvested earnings, grew by 13 percent to USD 35.73 billion.
"It is the highest ever for the first five months of a financial year and 13 per cent higher as compared to the first five months of 2019-20 (USD 31.60 billion)," it added.
It also stated that the total FDI inflow grew by 55 percent from USD 231.37 billion in 2008-14 to USD 358.29 billion in 2014-20.
"FDI is a major driver of economic growth and an important source of non-debt finance for the economic development of India. The government has endeavoured 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," it said.
It said that the steps taken in this direction during the last six years had borne fruit as is evident from the ever-increasing volumes of FDI inflows being received into the country.
"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 following trends in India's FDI are an endorsement of its status as a preferred investment destination amongst global investors," the ministry said.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

Top Budget Opinions

    Most Read

    Market Movers

    View All
    Top GainersTop Losers
    CurrencyCommodities
    CompanyPriceChng%Chng