August 6th, 2015
Image Courtesy : images.indianexpress
Prime Minister Narendra Modi’s frequent foreign visits were often questioned and reportedly it has yield considerable Foreign Direct Investments to India.
As a step ahead to improve the trade and commerce and to build healthier relationships with foreign nations, Prime Minister Narendra Modi visited Bhutan, Brazil, Nepal, Japan, the US, Myanmar, Australia, Fiji, Seychelles, Mauritius, Sri Lanka and Singapore during financial year 2014-2015 when Indian companies invested USD 3.42 billion in these countries.
As informed by the Commerce and Industry Minister Nirmala Sitharaman to the Parliament today, India received USD 19.78 billion foreign direct investment (FDI) from 12 countries visited by Prime Minister.
In addition to it, she said that the total outflow and inflow of foreign investment in general for 2014-15 fiscal was USD 6.42 billion and USD 75.71 billion, respectively, while giving a written reply to Rajya Sabha. It is also reported that FDI in India increased by 27 per cent to USD 30.93 billion in fiscal year 2014-15.