FDI in India increases to US$62 Billion in the year 2018-19
23 September 2020: Union Minister of Commerce and Industry, Piyush Goyal, in a written statement in the Lok Sabha said that Foreign Direct Investment (FDI) has increased to USD62billion in the financial year 2018-19 as compared to USD 60.97 billion in FY2017-18.
It may be noted that earlier, United Nations agency, UNCTAD had warned that the impact of the coronavirus pandemic, lockdown measures, supply chain disruptions and economic slowdown may hamper India’s ability to attract foreign investments in 2020. However, the UN agency noted that among the nations receiving maximum FDI inflows, India improved its position from 12th in 2018 to 9th in 2019. It was also reported that India’s FDI regime is the most liberal in the world, and even during the COVID-19 pandemic, the country has attracted over USD 22 billion worth of direct investments.