Enthused by a record foreign investment inflow, India is optimistic of continuing to be one of the world’s favourite FDI destinations in 2020 on the back of the Modi government’s liberalised norms and a significant jump in the ease of doing business ranking.
Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Guruprasad Mohapatra said that despite a slowdown in the global economy, inflows of foreign investment into the country have not been impacted.
India received a USD 27.2-billion foreign investment in the first half of 2019 and the pace is said to have sustained thereafter.
The healthy growth in the overseas investments is proving that there is a lot of optimism and enthusiasm about India as a foreign investment destination, he said.
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He added that all the ministries, departments and states are working to address issues and providing stable policies to facilitate entry of foreign companies.
Source: Economic Times
