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India attracts highest-ever FDI inflow of $64.37-billion in FY19: Report

According to the Annual Report 2018-19 of the DPIIT, foreign direct investments (FDI) worth $286 billion were received in the country in past five years

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Press Trust of India New Delhi
2 min read Last Updated : Jul 30 2019 | 8:55 PM IST

India received the highest-ever FDI inflow of $64.37 billion during the financial year ended March 2019, said a government report.

According to the Annual Report 2018-19 of the Department for Promotion of Industry and Internal Trade (DPIIT), foreign direct investments (FDI) worth $286 billion were received in the country in past five years.

"In the current financial year (2018-19), the country registered highest ever FDI inflow of $64.37 billion," the report said.

Highlighting the importance of FDI, it said the foreign inflows bring in resources, the latest technology and best practices to push economic growth on to a higher trajectory.

The DPIIT under the commerce and industry ministry further said path-breaking reform measures undertaken during the last financial year have resulted in India surpassing the FDI received in 2016-17 and registering an inflow of $60.98 billion during 2017-18, a new all-time high.

The FDI inflows was $45.14 billion during 2014-15 when Prime Minister Narendra Modi-led NDA government assumed power. The inflows were $55.55 billion in the following year.

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Besides, the DPIIT said an action plan for promotion of Indian 'geographical indications' (GIs) has been prepared. This can help supplement the incomes of our farmers, weavers, artisans and craftsmen. A logo and tagline for all Indian GIs has been prepared through crowd-sourcing.

The government regularly reviews the FDI policy, with a view to make it more investor-friendly.

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Topics :FDIForeign Direct Investment FDIforeign direct investmentsFDI equity inflows

First Published: Jul 30 2019 | 8:32 PM IST

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