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In 2014-15, FDI in India increased by 27 per cent to USD 30.93
billion. As published in ET, FDI inflows increased in 2014-15 from three
countries out of four major investing nations visited by Prime Minister Narendra Modi last
fiscal with Australia showing a decline, government said today. Replying
in the Rajya Sabha, External Affairs Minister Sushma Swaraj on 30th July said Modi
visited 26 countries from June 2014 to July 2015 and all visits had a
substantial economic component.
"These efforts have helped in creating a positive image of
India and, as a result, FDI equity inflows increased from USD 24.3 billion in
financial year 2013-14 to USD 30.9 billion in 2014-15, a growth 27.3 per
cent," she said.
A break-up of FDI inflows from top 10 countries visited by Modi
showed increase in eight cases and decline in two others. Out of this, he
visited only four countries during the last fiscal.
Among these four nations, FDI inflows increased from Mauritius,
Japan and the US. FDI inflow from Australia declined marginally.
As per government reports, FDI inflows in the first two months
of the current fiscal also increased by 40 per cent to USD 5.3 billion. The
countries visited in April and May included Canada, Germany, France and China.
Delhi NCR has been the top FDI destination till now with maximum
FDI investment happening in that area.
Out
of the total investment received in 2014-15, India received 63.95% i.e. USD 19.78 billion foreign direct
investment (FDI) from 12 countries visited by Prime Minister Narendra Modi in
financial year, Parliament was informed recently as per news reports.
During
the period, Indian companies also invested USD 3.42 billion in these countries
which include Bhutan, Brazil, Nepal, Japan, the US, Myanmar, Australia, Fiji,
Seychelles, Mauritius, Sri Lanka and Singapore. The total outflow and inflow of
foreign investment in general for 2014-15 fiscal was USD 6.42 billion and USD
75.71 billion, respectively as per reports.
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News Courtsey- PTI, www.moneycontrol.com,ET,
image source- google image
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