Finance Minister Nirmala Sitharaman on Tuesday said FDI into the country during the Modi government was $500.5 billion, which is 65% more than the amount received in the 10 years of the UPA government, as investors have trusted the economic management of the current regime.
Replying to the discussion on the Finance Bill, 2022, and Appropriation Bill, 2022, the minister said India continues to remain among the top five foreign direct investment recipient countries in the world, as per a UNCTAD report.
The FDI inflow in 2020-21 was $81.72 billion compared to $74.9 billion in the preceding financial year.
