Lok Sabha Question No. 2938 (UNSTARRED), answered on 2021-12-15
Subject: Foreign Direct Investment
Ministry: COMMERCE AND INDUSTRY
Asked by: Rattan Lal Kataria

- (c) & (d):

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY

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

UNSTARRED QUESTION NO. 2938.

TO BE ANSWERED ON WEDNESDAY, THE 15 TH  DECEMBER, 2021.

## FOREIGN DIRECT INVESTMENT

## 2938.  SHRI RATTAN LAL KATARIA:

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 seven years;
- (b) if so, the details thereof;
- (c) whether the Government is taking concrete steps to attract FDI in future;
- (d) if so, the details thereof; and
- (e) the names of the sectors where FDI received is being utilised from the foreign countries and the manner in which it is facilitating the development of India?

## ANSWER

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

During the last seven financial years, Foreign Direct Investment (FDI) inflows worth US$ 440.26 billion have been reported in India. FDI inflow in India stood at US$ 45.15 billion in 2014-2015 and has increased since

- (a) & (b): then.  The financial year wise details are as under:

|   S. No. | Financial Year   |   Amount of FDI inflows (in US$ billions) |
|----------|------------------|-------------------------------------------|
|        1 | 2014-15          |                                     45.15 |
|        2 | 2015-16          |                                     55.56 |
|        3 | 2016-17          |                                     60.22 |
|        4 | 2017-18          |                                     60.97 |
|        5 | 2018-19          |                                     62    |
|        6 | 2019-20          |                                     74.39 |
|        7 | 2020-21          |                                     81.97 |

To promote Foreign Direct Investment (FDI), the Government has put in place an investor-friendly policy, wherein except for a few sectors, most

|      | sectors are open for 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.   |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (e): | 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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