Statsguru: FDI inflows revive in FY20, but face Covid-19 test in FY21

Not only the FDI at $49.9 billion was record high witnessed by India so far, it also recorded growth after 1% fall in the previous year

The foreign direct investment (FDI) inflow resurrected in 2019-20 to hit a four-year high growth of 13 per cent, but it may decline significantly in FY21 due to the lockdown. 

Not only the FDI at $49.9 billion was record high witnessed by India so far, it also recorded growth after 1 per cent fall in the previous year. Since the start of the UPA's second stint, FDI inflows have been following a roller-coaster ride. However, it contracted in three years in the UPA regime, but only in one year during NDA so far and that too by 1 per cent