FDI equity inflow grew 40% in nine months through the pandemic period
All factors are now in favour of India. The post-pandemic global economy is in a reshaping process. India is racing ahead to consolidate its position. Large economies and wealthy foreign investors, in the past, had many misgivings about India.
Those misgivings are parting now. The spurt of 40 per cent in Foreign Direct Investment (FDI) in the first nine months of the financial year, 2020-21 was the result of this change.
The pandemic stopped everything in India for many months. Still, FDI flowed in to give a major boost to the economy. FDI is an important source of non-debt finance for the economic development of India.
The government also successfully put in place an enabling and investorfriendly FDI policy. The government attempt to remove policy bottlenecks that have been hindering the investment inflows into the country has proven to be a Success. In nine months the new FDI stood at $ 67.54 billion, the highest ever nine months record.
That was 22 per cent higher than what was reported in the same period of the previous year at $ 55.14 Billion.
