Rising FDI indicates investors’ preference for India’s enabling environment: Goyal

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November 28, 2020 4:21 PM

FDI during September quarter 2019 stood at USD 14.06 billion.

rising FDI, FDI, Commerce and Industry Minister Piyush Goyal , Covid-19, FDI in IndiaDespite COVID, FDI doubles year-on-year upwards arrow., said Piyush Goyal

Increase in foreign direct investment (FDI) into India in July-September 2020 to USD 28.1 billion indicates global investors’ preference for the country’s enabling environment, Commerce and Industry Minister Piyush Goyal said on Saturday. FDI during September quarter 2019 stood at USD 14.06 billion.

“Despite COVID, FDI doubles year-on-year upwards arrow. Indicating global investors’ preference for India’s enabling environment under PM @NarendraModi ji, FDI increased from USD 14.06 billion to USD 28.1 billion in the July-September quarter,” he said in a tweet.

FDI in India grew by 15 per cent to USD 30 billion during the first half of the current fiscal, according to official data.

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