Lok Sabha Question No. 1253 (UNSTARRED), answered on 2022-02-09
Subject: FDI
Ministry: COMMERCE AND INDUSTRY
Asked by: Achyutananda Samanta

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY

## DEPARTMENT FOR PROMOTION OF INDUSTRY AND INTERNAL TRADE LOK SABHA

UNSTARRED QUESTION NO. 1253. TO BE ANSWERED ON WEDNESDAY, THE 9 TH     FEBRUARY, 2022.

FDI

## 1253.  SHRI ACHYUTANANDA SAMANTA:

Will the Minister of COMMERCE AND INDUSTRY be pleased to state: वाणिज्य एवं उद्योग मंत्री

- (a) whether India has received record Foreign Direct Investment (FDI) during the last five years;
- (b) if so, the details thereof;
- (c) whether the Government is taking concrete steps to attract FDI in future and if so, the details thereof; and
- (d) the names of the sectors that are utilising the FDI and the manner in which it is leveraging India's development?

## ANSWER

## वाणिज्य एवं उद्योग मंत्रालय में राज्य मंत्री ( श्री सोम प्रकाश ) THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY (SHRI SOM PARKASH)

Foreign  Direct  Investment  inflows  (FDI)  has  shown  a  continuous increase from US$ 45.15 billion in 2014-15 to US$ 81.97 billion in 202021. During the last five financial years, Foreign Direct Investment (FDI) inflows  worth  US$  339.55  billion  have  been  reported  into  India.  The

- (a) & (b): financial year wise details are as under:
- (c): To promote Foreign Direct Investment (FDI), the Government has put in place  an  investor-friendly  policy,  wherein  most  sectors  are  open  for

|   S. No. | Financial Year   |   Amount of FDI inflows (in US$ billions) |
|----------|------------------|-------------------------------------------|
|        1 | 2016-17          |                                     60.22 |
|        2 | 2017-18          |                                     60.97 |
|        3 | 2018-19          |                                     62    |
|        4 | 2019-20          |                                     74.39 |
|        5 | 2020-21          |                                     81.97 |

|      | 100% 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. 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 & Natural Gas, Telecom, etc.   |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (d): | Foreign Direct Investment inflows serve to augment domestic investments, promotes industrial development and employment generation across sectors and ancillary industries. Further, such investments bring international best practices and latest technologies which facilitate in skill development, export promotion and improvement of overall competitiveness of economy leading to overall economic growth and development in the country.                                                                                                                                                    |

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