“The FDI inflows during 2014-23 was $596 billion marking a golden era. That is twice the inflow during 2005-14,” she said.
India’s FDI inflows were 2.5% of GDP during FY15-23 as against 2.2% during FY05-14.
“For encouraging sustained foreign investment, we are negotiating bilateral investment treaties with our foreign partners, in the spirit of ‘first develop India’,” Sitharaman said.
India and the UK are discussing a bilateral investment protection and promotion agreement to ensure investors get equitable and predictable treatment and have a mechanism for dispute resolution.As per the commerce and industry ministry, FDI inflow in India were $36 billion in 2013-14 and registered its highest ever annual FDI inflow of $85 billion in FY22. During FY23, FDI inflow of $71 billion were reported.During the current financial year, 2023-24 (upto September 2023) FDI worth $ 33 billion has been reported.FDI inflow in the last nine financial years 2014-23 at $596 billion has increased 100% over the previous nine financial years (2005-14) when it was $298 billion).
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