 "FDI proposals of Rs 48,902 cr cleared till Jan in FY16")
Foreign Direct Investment (FDI) supplements the domestic capital and helps in bringing technology in various sectors, thereby stimulating economic growth and leading to increased exports, and employment generation, Minister of State for Finance Jayant Sinha said in a written reply to Rajya Sabha.
The government has liberalised the FDI policy to maximise benefits from FDI.
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LIC has purchased equity shares amounting to Rs 65,975.48 crore during financial year 2015-16 till February 2016.
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