Union Minister Piyush Goyal yesterday (23 August) shared that the FDI inflows into the country is on the rise and that the bygone month of May alone saw inflows of $12.1 billion, Economic Times.
Addressing a meeting of different industry associations on promoting exports, Goyal shared, "India has received the highest ever FDI inflow in 2020-21. It surged by 10 per cent to $81.72 billion and FDI during May 2021 is $12.1 billion, i.e. 203 per cent higher than May 2020."
Goyal also said that the Government is working on a mission mode to achieve exports of $400 billion in 2021-22 and that the exports are recording healthy growth. He further shared that from 1-14 August, the outbound shipments grew 71 per cent over the same period in 2020-21 and 23 per cent in 2019-20.
Goyal also exhorted the industry to do more and said, "It is time for our industry to expand our capacity, capability and commitment to develop resilient global supply chains." He added that the Centre expects that the Indian industry should suggest areas for intervention through research, handholding of exporters/manufacturers, and deeper engagement with states and Missions.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.