Government Says India’s Foreign Direct Investments Increased In 2018-19
A collection of U.S. one-hundred dollar bills sit on a black background in this arranged photograph in Hong Kong, China. (Photographer: Paul Yeung/Bloomberg)

Government Says India’s Foreign Direct Investments Increased In 2018-19

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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.

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