India Witnessing V-shaped Recovery, High FDI Growth, Says Piyush Goyal

FDI inflows into India have been continuously growing. Even during the first nine months of this year, at the peak of the COVID-19 pandemic, our FDI has grown and we have today one of the most facilitative and congenial FDI policies in the world, Piyush Goyal said

NEW DELHI : Foreign direct investments (FDIs) into India have been continuously growing as the country has one of the most facilitative policies to attract overseas investors, Commerce and Industry Minister Piyush Goyal said on Tuesday.

He said that during April-September 2020, FDI increased 13% to about $40 billion.

“FDI inflows into India have been continuously growing. Even during the first nine months of this year, at the peak of the COVID-19 pandemic, our FDI has grown and we have today one of the most facilitative and congenial FDI policies in the world,” he said at CII’s Partnership Summit 2020.

The minister said that 100% FDI is allowed through automatic route in almost all sectors.

Source: livemint

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