India remains preferred destination for FDI, says RBI
Updated : August 29, 2018 05:29 PM IST
With manufacturing sector gathering momentum, helped by both services and agriculture sectors, consumption demand remains robust in the country making it an attractive investment destination, it said.
India received $37.3 billion capital inflow in 2017-18 as compared to $36.3 billion in the previous fiscal. During the 2015-16, the country received $36.06 billion.
Manufacturing activity is gathering momentum on the back of new business, both domestic and export orders, rising capacity utilisation and drawdown of inventories, said the Reserve Bank of India report.