FDI into India up 37% to $43.85 billion during April-November 2020 – Times of India

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NEW DELHI: Foreign direct funding (FDI) into India elevated by 37 per cent to $43.85 billion during April-November 2020, in accordance to knowledge by the commerce and trade ministry.
Total FDI inflows (together with reinvested earnings) during the eight-month interval of the present fiscal grew by 22 per cent to $58.37 billion, the ministry mentioned on Wednesday.
“FDI equity inflow received during 2020-21 (April to November, 2020) is $43.85 billion. It is the highest ever for the first 8 months of a financial year and 37 per cent more compared to the first 8 months of 2019-20 ($32.11 billion),” it mentioned.
It added that FDI is a serious driver of financial progress and an essential supply of non-debt finance for the financial improvement of India.
“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,” it mentioned.
Commenting on the figures, Mahesh Singhi, founder and MD, Singhi Advisors, mentioned the worldwide investor group has positioned nice religion and confidence in India and the sturdy fundamentals of its economic system.
“The phenomenal increase in investment inflows into the country reiterates the government’s firm commitment to initiate investor-friendly FDI policy reforms, obliterate policy bottlenecks and position India as a global investment hub for foreign investors,” he mentioned.



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