New Delhi: The Foreign Direct Investment in the current year till present has increased by 13 per cent and reached 35 billion 73 crore dollars.
According to the Ministry of Commerce and Industry in the present financial year between April and August, the FDI was 35 billion 73 crore dollars, and so far, it is this financial year’s first five month’s maximum.
In the financial year 2019-2020, the FDI flow in the first five months was 31 billion 60 crore dollars.
As per the data, FDI equity inflows in the first five months of Financial Year 2020-21 is up by 16 per cent, at 27 billion 10 crore dollars.
This is also highest in the first five months of the financial year and during the same time in the financial year 2019-2020, the FDI equity inflow was 23 billion 35 crore Dollars.
The government has said that FDI plays an important role in the country’s economic development and several concrete steps have been taken to facilitate the flow of FDI and for this, policy barriers have been removed and the process has been simplified, the government added.
