Foreign direct investments into the nation is on the rise, leaping to $12.1 billion in May this 12 months, Commerce and Industry Minister Piyush Goyal stated on Monday.
He additionally stated the federal government is engaged on a mission mode to realize exports goal of$400 billion in 2021-22.
“India has received the highest ever FDI inflow in 2020-21. It surged by 10 per cent to$81.72 billion and FDI during May 2021 is$12.1 billion, i.e. 203 per cent higher than May 2020,” he stated whereas addressing a gathering of various trade associations on selling exports.
He added India’s common utilized import tariff (obligation) has dropped to fifteen per cent in 2020 from 17.6 per cent in 2019, and utilized tariffs are method beneath the sure fee of fifty.8 per cent (permissible restrict underneath the WTO).
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