Govt counters UN report on fall in FDI, claims it rose to $61.96 bn in FY18

Suresh Prabhu says his US visit next week will focus on issues from trade to immigration

Two days after a report by the United Nations Conference On Trade and Development (UNCTAD) showed that foreign direct investments into India fell by $4.5 billion in 2017, the government on Friday pointed to latest statistics to say that FDI has actually risen.

Addressing the media on four years of the Modi government, Ramesh Abhishek, Secretary at the Department of Industrial Policy and Promotion (DIPP) pointed out that FDI rose to $61.96 billion in 2017-18 from $60.08 billion the year before. FDI in the first four years of the Narendra Modi government rose to $222.75 billion from $152 billion in