Government Says India’s Foreign Direct Investments Increased In 2018-19
The foreign direct investment inflow into India has increased in the last fiscal in comparison to previous years with $62 billion foreign investments in 2018-19, Commerce Minister Piyush Goyal said in Lok Sabha on Wednesday.
Goyal's response came in response to a question by Congress Member of Parliament Abdul Khaleque on whether the Foreign Direct Investments into India have declined in 2018-19 as compared to the previous years.
"No Sir, FDI has in fact increased in the financial year 2018-19 as compared to previous years," he said during the Question Hour.
The minister said the total FDI inflow in 2018-19 was $62.00 billion, in 2017-18, the total FDI inflow was $60.97 billion, in 2016-17, it was $60.22 billion and in 2015-16, it was $55.56 billion.