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Increase in FDI indicates investors' preference for India's enabling environment, says Piyush Goyal

Taking to Twitter, Commerce and Industry Minister Piyush Goyal said that despite COVID-19, FDI doubled year-on-year upwards, indicating global investors' preference for India's enabling environment

twitter-logoPTI | November 28, 2020 | Updated 16:31 IST
Increase in FDI indicates investors' preference for India's enabling environment, says Piyush Goyal
FDI increased from $14.06 billion to $28.1 billion in the July-September quarter, Commerce and Industry Minister Piyush Goyal said in a tweet

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, Commerce and Industry Minister Piyush Goyal said on Saturday, November 28.

FDI during September quarter 2019 stood at $14.06 billion.

"Despite COVID, FDI doubles year-on-year upwards. Indicating global investors'' preference for India's enabling environment under PM @NarendraModi ji, FDI increased from $14.06 billion to $28.1 billion in the July-September quarter," he said in a tweet.

FDI in India grew by 15 per cent to $30 billion during the first half of the current fiscal year, according to official data.

Also Read: FDI grows by 15% to $30 billion during Apr-Sept 2020: DPIIT

Also Read: Decoding Slowdown: FDI inflows trend shows all's not well; growth drops to single digits

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