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FDI surges 46% at $62 bn

FDI surges 46% at $62 bn

Report says that government is taking various measures like opening up FDI in many sectors, carrying out FDI related reforms and improving ease of doing business, says Sitharaman.

Foreign direct investment during October 2014 and May this year was higher by 46% to US$ 61.58 billion, Parliament reportedly said.

“During October 2014 to May 2016, FDI equity inflow has increased by 46 per cent i.e from USD 42.31 billion to USD 61.58 billion in comparison to previous 20 months (February 2013 to September 2014),” Commerce and Industry Minister Nirmala Sitharaman was quoted as saying.

Report says that government is taking various measures like opening up FDI in many sectors, carrying out FDI related reforms and improving ease of doing business, says Sitharaman. 

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