NEW DELHI, Jan 28 (NNN-PTI) – India received a total of 58.37 billion U.S. dollars, in terms of Foreign Direct Investments (FDIs), during Apr-Nov, 2020, which was 22 percent higher as compared to the FDIs in the first eight months of the previous financial year, said an official statement yesterday.
India’s financial year begins in Apr every year and ends in Mar of the following year.
“It is the highest ever for the first eight months of a financial year,” said the statement, issued by the federal Ministry of Commerce and Industry.
The country received FDIs to the tune of 47.67 billion U.S. dollars during Apr-Nov, 2019.
According to the statement, measures taken by the federal government on the fronts of FDI policy reforms, investment facilitation and ease of doing business, resulted in increased FDI inflows.
It has been the endeavour of the federal government to put in place an enabling and investor-friendly FDI policy.– NNN-PTI
