Team Adda247 and BankersAadda are here with a Current Affairs Special Series for SBI and IBPS interview 2021. In this series, candidates will be introduced to current affairs topics daily, which will not only improve their general awareness but also will ensure that the candidates do not lack if any current affairs topic is asked in the interview. Today’s Current Affairs topic is India receives Highest ever FDIs.
India receives Highest ever FDIs
India received the highest ever Foreign Direct Investments of over 67 billion US dollars for the first nine months of the last financial year. According to the Ministry of Commerce & Industry, trends are an endorsement of India’s status as a preferred investment destination amongst global investors. FDI equity inflow grew by 40 percent as compared to the corresponding period in the last financial year and 22 percent higher as compared to the first nine months of the financial year 2019-20. This shows India’s commitment towards the success of attracting foreign investments. FDI inflows grew up by 37% in the third quarter of 2020-21 compared to the corresponding quarter of the financial year 2019-20. FDI inflow has shown positive growth of 24% in December 2020 compared to December 2019. Measures were taken by the Government on the fronts of policy reforms; investment facilitation and ease of doing business have resulted in tremendous FDI inflows into the country.
The steps were taken by the Government in the direction of attracting foreign investments, Investor friendly policies, and many more during the last six years have borne fruit, which is evidence of increasing volumes of FDI inflows being received in the country.