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Narendra Modi's foreign trips result in FDI windfall

By Religare
|

India received USD 19.78 billion foreign direct investment (FDI) from 12 countries visited by Prime Minister Narendra Modi in financial year 2014-15, said an official statement.

During the period, Indian companies invested USD 3.42 billion in these countries which include Bhutan, Brazil, Nepal, Japan, the US, Myanmar, Australia, Fiji, Seychelles, Mauritius, Sri Lanka and Singapore, Parliament was informed.

The total outflow and inflow of foreign investment in general for 2014-15 fiscal was USD 6.42 billion and USD 75.71 billion, respectively, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to Rajya Sabha.

 

In 2014-15, FDI in India increased by 27 per cent to USD 30.93 billion.

Story first published: Thursday, August 6, 2015, 12:20 [IST]
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