India Receives $130 Billion FDI In Two-And-A-Half Years: PM Modi

With the government taking steps to improve business climate, total FDI inflows in the last two-and-a-half years have touched $130 billion, Prime Minister Narendra Modi said on Tuesday.

PM Modi, while addressing investors at the Vibrant Gujarat Summit here, also said that ‘Make in India’ initiative has become the “biggest brand” that the country has ever had.

“The total FDI in the last two-and-a-half years have touched $130 billion.
“The FDI equity inflow in the last two financial years was 66 per cent higher as compared to previous two financial years. In fact, the total FDI inflows received during the last year have been the highest ever,” he said.

He said the number of countries from where FDI is coming in, and the sectors in which they are being routed have also diversified in the last two years.