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India's FDI regime most liberal, attracted $22 bn amid Covid: Amitabh Kant

Kant further said that almost 90% plus of the $22 billion foreign direct investment in India during the pandemic came through the automatic route

"Much of the investment, much of the decision making, much of what happens in India happens in states and therefore we need to make states easy and simple," Amitabh Kant, Chief Executive, NITI Aayog

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Kant pointed out that India has jumped up about 79 positions in the World Bank's ease of doing business. "Our hope is that this year we will get into top 50," he said

Press Trust of India New Delhi

1 min read Last Updated : Aug 08 2020 | 9:48 PM IST

India's FDI regime is the most liberal in the world, and even during the Covid-19 pandemic, the country has attracted over $22 billion worth of direct investments, NITI Aayog CEO Amitabh Kant said on Saturday.

Kant further said that almost 90 per cent plus of the $22 billion foreign direct investment in India during the pandemic came through the automatic route.

"Our FDI regime is the most liberal in the world. We have continued to attract huge amount of investments. During the pandemic itself, India attracted over 22 billion worth of direct investments into India," he said at CII's 'India@75' virtual event.

Kant

Topics : Coronavirus Foreign Direct Investment FDI Amitabh Kant Niti Aayog

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