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Highest-ever FDI worth $64.37 bn received in FY19
India received the highest-ever FDI inflow of $64.37 billion during the fiscal ended March 2019, said a government report.
New Delhi: India received the highest-ever FDI inflow of $64.37 billion during the fiscal ended March 2019, said a government report.
According to the Annual Report 2018-19 of the Department for Promotion of Industry and Internal Trade (DPIIT), foreign direct investments (FDI) worth $286 billion were received in the country in past five years.
"In the current financial year (2018-19), the country registered highest ever FDI inflow of $64.37 billion," the report said.
Highlighting the importance of FDI, it said the foreign inflows bring in resources, the latest technology and best practices to push economic growth on to a higher trajectory.
The DPIIT under the commerce and industry ministry further said path-breaking reform measures undertaken during the last financial year have resulted in India surpassing the FDI received in 2016-17.
