 "PM Modi")
Rising trade and capital flows reflect an increased Indo-US economic entwinement.
Closer economic ties are on the agenda as Prime Minister Narendra Modi makes his first State visit to the US. There is more money coming into India to fund new factories and set up ventures through foreign direct investment (FDI) than before. The average annual US FDI flows in the five years leading up to 2018-19 was $2.7 billion. This has increased to $8.7 billion in the four years since then.
A similar outward flow into the US shows up in the overseas direct investment data. This
Closer economic ties are on the agenda as Prime Minister Narendra Modi makes his first State visit to the US. There is more money coming into India to fund new factories and set up ventures through foreign direct investment (FDI) than before. The average annual US FDI flows in the five years leading up to 2018-19 was $2.7 billion. This has increased to $8.7 billion in the four years since then.
A similar outward flow into the US shows up in the overseas direct investment data. This
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