Piyush Goyal India Cayman Islands outbreak crisis Coronavirus Piyush Goyal India Cayman Islands

FDI inflows from Cayman Islands into India triples in FY20

Reading now: 166
www.livemint.com

After contracting for a year, foreign direct investment (FDI) inflows into India picked up in FY20 to grow at 13% as Cayman Islands emerged as a major source of foreign investment into the country.

Data released by the DPIIT showed India’s FDI equity inflows jumped to $50 billion in FY20 from $44.4 billion a year ago. Including reinvested earnings, FDI in FY20 grew 18% to $73.4 billion. “In another strong vote of confidence in “Make In India", total FDI into India grew 18% in 2019-20 to reach $73 billion.

Total FDI has doubled from 13-14 when it was only $36 billion. This long term investment will spur job creation," commerce minister Piyush Goyal tweeted.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA