Confident of continuous report international investments this yr: Goyal

Commerce and Industry Minister Piyush Goyal on Saturday expressed confidence that India will proceed to draw excessive international direct funding (FDIs) within the present monetary yr.
He stated India has acquired highest ever FDI within the Covid-impacted 2020, in distinction with a shrinkage in funding inflows globally. In 2020-21, FDI into the nation grew by 19 per cent to $59.63 billion. Total FDI, together with fairness, re-invested earnings and capital, rose 10 per cent to $81.72 billion throughout 2020-21 as in opposition to $74.39 billion in 2019-20.
“This year, we are very confident that we will continue this streak of seven continuous years of historic highs in our foreign investments,” Goyal stated on the CII-Horasis India Meeting webinar.

Similarly, he stated, India’s exports too are recording wholesome development and would attain $400 billion by the top of the present monetary yr.