FDI Inflows Rise 18% to $73 bn in FY20, Says Union Minister Piyush Goyal

New Delhi: Union Commerce and Industry Minister Piyush Goyal on Thursday said that total FDI into India grew at 18 per cent in 2019-20 to reach $73 billion. Also Read – ‘Offered Them 125 Trains But Received Details of Just 41,’ Piyush Goyal Slams Maharashtra Government

Last year, India had received FDI worth around $62 billion. Also Read – Maharashtra Couldn’t Bring Enough Passengers For Shramik Specials, Says Central Railways

“In another strong vote of confidence in Make in India, total FDI into India grew at 18% in 2019-20 to reach $73 Bn. Total FDI has doubled from 13-14 when it was only $36 Bn. This long term investment will spur job creation,” Goyal said in a tweet. Also Read – Indian Railways News | 200 Non-AC Passenger Trains From June 1: Quarantine Protocol, Routes, Time Table, Fare | All You Need to Know

The total FDI inflows in India have progressively increased in the last couple of years.