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Bern, Jun 10 (PTI) There is no such thing as a declining pattern in Overseas Direct Investments (FDI) into India, although periodic fluctuations might happen typically attributable to international rate of interest modifications, Commerce and Business Minister Piyush Goyal has stated.
He added India is seeing renewed abroad inflows and the federal government is open to recommendations and can undertake new measures to advertise FDI within the nation.
Over the past eleven monetary years (2014-25), India attracted FDI value USD 748.78 billion, a rise of 143 per cent over the earlier eleven years (2003-14), which noticed USD 308.38 billion in inflows.
Moreover, the variety of supply international locations for FDI elevated from 89 in 2013-14 to 112 in 2024-25, underscoring India’s rising international attraction as an funding vacation spot.
Given these figures, “I don’t suppose that there’s any declining pattern, periodically there could also be some modifications, and that occurs extra attributable to modifications in rate of interest cycles in different international locations, so if the bond yields in some international locations turn out to be exorbitantly excessive, cash tends to circulation into these international locations. now we have as soon as once more seen cash flowing again into India,” Goyal advised reporters right here.
In 2024-25, India acquired a complete FDI of USD 81 billion, which is the very best within the final three years, he stated.
With USD 81 billion, India is again into the FDI progress trajectory, he stated, including, “We’re a listening authorities. We’re open to recommendations and we’re all the time able to undertake newer measures”.
The best was USD 84.83 billion in 2021-22. The minister is right here on an official go to to carry conferences with Swiss leaders and corporations to spice up commerce and investments between the 2 international locations.
Overseas direct funding in India fell 24.5 per cent year-on-year to USD 9.34 billion within the January-March quarter of 2024-25 however grew 13 per cent to USD 50 billion throughout all the earlier monetary 12 months.
Complete FDI, which incorporates fairness inflows, reinvested earnings and different capital, grew by 14 per cent to USD 81.04 billion over the past monetary 12 months. The identical stood at USD 71.3 billion in 2023-24.
Throughout 2024-25, Singapore emerged as the most important supply of FDI with USD 14.94 billion inflows. It was adopted by Mauritius (USD 3.73 billion in opposition to USD 8.34 billion), the US (USD 5.45 billion), the Netherlands (USD 4.62 billion), the UAE (USD 3.12 billion), Japan (USD 2.47 billion), Cyprus (USD 1.2 billion), UK (USD 795 million), Germany (USD 469 million), and Cayman Islands (USD 371 million).
Sectorally, inflows rose in companies, buying and selling, telecommunication, vehicle, building growth, non-conventional vitality and chemical compounds. PTI RR DR
(This story has not been edited by News18 workers and is printed from a syndicated information company feed – PTI)
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