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FDI inflows rise 18% to $73 bn in FY20: Minister

By IANS | Updated: May 28, 2020 23:50 IST

Union Commerce and Industry Minister Piyush Goyal on Thursday said that total FDI into India grew at 18 per ...

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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.

Last year, India had received FDI worth around $62 billion.

"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.

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

( With inputs from IANS )

Tags: Piyush GoyalUnion CommerceVed prakashShri piyush goyal
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