FDI Surges To Record High Of $64.37 Billion In FY19

India has registered highest ever Foreign Direct Investment or FDI Inflow of US $ 64.37 billion during the financial year 2018-19. FDI worth 286 billion US Dollars has been received in last five years. FDI brings in resources, the latest technology and best practices to push economic growth on to a higher trajectory, according to annual report of DPIIT. India surpassed $60.98 billion FDI received during 2017-18. The measures towards FDI policy liberalization and reforms continued in the last financial year. A paradigm shift was made in the FDI policy on retail and other financial services sector. For retail trading of food products, the Government permitted 100% FDI with the condition that such food products have to be manufactured and/or produced in India. The measure promotes domestic industry, creates local jobs and helps in conserving valuable foreign exchange. In the Financial services sector, Government promulgated that any financial sector activity which is regulated by a financial sector regulator will be eligible for 100% FDI under automatic route, and approval would be needed only for unregulated financial sector activities.

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