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# India

Increased FDI indicates global investors’ preference for India’s enabling environment, says Piyush Goyal

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

SNS | New Delhi | November 28, 2020 4:24 pm

Increased FDI indicates global investors’ preference for India’s enabling environment, says Piyush Goyal

Minister for Commerce and Industry Piyush Goyal (File photo)

Commerce and Industry Minister Piyush Goyal on Saturday said that the 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. The FDI during September quarter 2019 stood at $14.06 billion.

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

https://twitter.com/PiyushGoyal/status/1332592539094843392

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As per the quarterly fact sheet on foreign direct investment from April-September, FDI in India grew by 15 per cent to $30 billion during the first half of the current fiscal.

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# Opinion

FDI Conundrum

The dynamics of foreign direct investment (FDI) serve as a barometer of a country’s attractiveness and competitiveness. Amidst the shifting tides of geopolitics and supply chain diversification, India finds itself at a critical juncture, grappling with the implications of its FDI performance vis-à-vis the China-plus one strategy.