‘Record’ FDI inflows, yes, cause for celebration, no

News Today 17.06.2021

In a recent press release, the Ministry of Commerce and Industry announced that “India has attracted highest ever total FDI inflow of U.S.$81.72 billion during the financial year 2020-21 and it is 10 percent higher as compared to the last financial year 2019-20”. The Reserve Bank of India (RBI) reported that the equity component of inflows was over U.S.$61.4 billion, a 19% increase over the U.S.$51.7 billion received in 2019-20. The credit for this record level of inflows was given to FDI policy reforms, investment facilitation and ease of doing business. (Read More)

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