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Union Minister of State for Commerce and Industry Som Parkash said India has received Foreign Direct Investment (FDI) inflows worth $339.55 billion in the last five financial years. There has been a continuous increase in the inflow of FDI in recent years. It increased from $45.15 billion in 2014-15 to $81.97 billion in 2020-21. During the year 2019-20, the FDI inflows to India stood at $74.39 billion. In 2018-19, it stood at $62 billion. In 2017-18, it was $60.97 billion and in 2016-17, the FDI inflow to India stood at $60.22 billion.

He stated, to promote FDI, the Government has put in place an investor-friendly policy, wherein most sectors are open for 100 per cent FDI under the automatic route. Further, the policy on FDI is reviewed on an ongoing basis, to ensure that India remains attractive & investor friendly destination. Changes are made in the policy after having consultations with stakeholders including apex industry chambers, associations, representatives of industries/groups and other organizations.

The government has recently undertaken a number of reforms across sectors. In the last one year alone, reforms in the FDI policy have been undertaken in sectors such as insurance, defence, petroleum and natural gas, and telecom. He noted that Foreign Direct Investment inflows serve to augment domestic investments, promote industrial development and employment generation across sectors and ancillary industries.