India’s Highest Ever FDI Inflow At $64.37 Billion Recorded In FY19, Reveals DPIIT Report
India’s Highest Ever FDI Inflow At $64.37 Billion Recorded In FY19, Reveals DPIIT ReportStartups in India. (Hemant Mishra/Mint via Getty Images)

The Department for Promotion of Industry and Internal Trade (DPIIT), in its annual report, has revealed that India attracted its highest ever FDI inflow of $64.37 billion in the financial year 2018-19, reports PTI.

The previous highest FDI inflow in a single year was recorded back in 2016-17 when India had attracted $60.98 billion, post which the inflows had fallen to $55.55 billion in the 2017-18 period.

The report also says that the a total of $286 billion worth of FDI inflow had been recorded over the past five years. The annual document further stressed that the FDI inflows bring in resources, best practices and latest technology which assist in pushing growth on a higher notch.

The DPIIT which functions under the administrative control of Ministry of Commerce and Industry further added that path-breaking reforms taken in the last few years have resulted in India attracting record FDI inflow, up from 2014-15 when India had attracted $45.14 billion.

An Appeal...

Dear Reader,

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.

Become A Patron
Become A Subscriber