New Delhi, Oct 20 : FDI inflows into India have increased by 13 per cent during April to August 2020 on a year-on-year basis, official data showed on Tuesday.
According to the Ministry of Commerce and Industry, $35.73 billion has been received during the period under review.
“It is the highest ever for first 5 months of a financial year and 13 per cent higher as compared to first five months of 2019-20 ($31.60 billion),” the ministry said in a statement.
“FDI equity inflow received during F.Y. 2020-21 (April to August, 2020) is $27.10 billion. It is also the highest ever for first 5 months of a financial year and 16 per cent more compared to first five months of 2019-20 ($23.35 billion).” Besides, the ministry’s data showed that FDI inflows have risen by 55 per cent during the last 6 years.
“Total FDI inflow grew by 55 per cent, i.e. from $231.37 billion in 2008-14 to $358.29 billion in 2014-20,” the statement said.
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