FDI inflows up 53% in past two years: FM

Tribune News Service

New Delhi, July 29

Finance Minister Arun Jaitley today said there was a record 53% increase in FDI in the past two years as the investment climate brightened due to steps taken to foster growth, price stability and fiscal prudence.

Stressing that investments are not made for “charity”, the Finance Minister told the Lok Sabha that improving the ease of doing business was a “work in progress”.

In the past two years, there has been 53% rise in FDI into the country, which is a record high, Jaitley said during question hour, adding that “comprehensive reforms in FDI have resulted in the highest ever FDI inflow in 2015-16”. He said, “If we say that profits cannot be taken then nobody will come to invest in the country”.