Increased FDI indicates global investors’ preference for India’s enabling environment, says Piyush Goyal

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

As per the quarterly fact sheet on foreign direct investment from April-September, FDI in India grew by 15 per cent to $30 billion during the first half of the current fiscal.

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