FDI to India increased by 39% in 18 months: Modi

The PM also said that at present global economy is going through a period of uncertainty

Prime Minister Narendra Modi on Friday said the foreign direct investment (FDI) to India has increased by 39 per cent in the last 18 months even while galling globally.

"The FDI to India increased by 39 per cent in the last 18 months, when global FDI has fallen," Modi said in his address at The Economic Times Global Business Summit.

He also mentioned that at present global economy is going through a period of uncertainty.

Saying that reforms in a country should be linked to people's welfare, Modi said: "True reforms are those which results in transformation in the lives of citizens. My goal is reform to transform. Biggest beneficiary of any reform should be the poor."

Harping that creating new opportunities for citizens to progress is crucial for the growth of the nation, he said: "New opportunities are like oxygen to the aspirational citizens."