Prime Time Zone, Webdesk: Despite the corona epidemic crisis, India has made huge gains in foreign direct investment (FDI). During April-December 2020, total FDI inflows will be around Rs. 4.9 lakh crore, the highest in the first nine months of a fiscal, 22 per cent higher than the 2019-20 fiscal, the Commerce and Industry Ministry said on Thursday. Similarly, FDI equity funds grew by 40 per cent during the April-December period to around Rs. 3.7 lakh crore, the ministry said in a statement. During the same period of the previous financial year, it was around Rs. 2.6 lakh crore.
Similarly, FDI inflows increased by 37 per cent in the quarter ended December of the current financial year as compared to the third quarter of 2019-20. “Foreign investment in the country has increased due to various reforms in the FDI policy, facilitation trade policies and investment incentives,” the ministry said. The ministry believes that foreign investment is a key to the country’s economic growth and an important source of economic growth.
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