New Delhi, April 25 : Foreign direct investment (FDI) flow to India touched a record level of $51 billion throughout the April-February period of the last year, the govt aforesaid on Monday.
“We have had a record flow of FDI during this country, quite $51 billion from April to February, which is that the highest ever,” the Department of commercial Policy and Promotion (DIPP) Secretary Ramesh Abhishek aforesaid here at an occasion hosted by business chamber Ficci on intellectual property rights (IPR).
Abhishek aforesaid the FDI numbers show that the govt has been ready to produce an appropriate climate within which foreign investors feel assured that their interests are protected.
The government is creating plenty of effort to enhance simple doing business that is vital for making an appropriate atmosphere, he said.
“The complicated procedures and delays that were the nemesis of our system for thus several decades are currently being step by step destroyed. monumental efforts are being created to form certain that common subject and business both have a simple time,” Abhishek aforesaid.
He aforesaid protection of creativeness and innovation is vital to make an appropriate climate within the country for technology to be developed or to come back from outside.
“We would like rate of double digits for subsequent 3 decades to enhance the standard of life and eliminate financial condition however that needs heap of efforts in investment facet, IPR facet and at different fronts,” Abhishek aforesaid.
Credit rating agency Moody’s Investors Service aforesaid earlier this month that India’s rising FDI inflows facilitate scale back the present account deficit and conjointly the external finance desires.
Net FDI inflows into India hit an incomparable high in Jan 2016 at $3 billion on a 12-month moving average basis.
FDI inflows hit record $51 bn in 11 months
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