India receives $130 bn FDI in two-and-a-half years: Prime Minister

“The FDI equity inflow in the last two financial years was 66 per cent higher as compared to previous two financial years. In fact, the total FDI inflows received during the last year have been the highest ever,” he said at the Vibrant Gujarat summit. 

The number of countries from where FDI is coming in, and the sectors in which they are being routed have also diversified in the last two years. India is now the leading recipient of capital investment in the Asia-Pacific. It also continues to be among the top ten countries globally in terms of FDI inflows, he added.

Modi also said “the story does not end here as India has left every other country behind in terms of providing return on investment”. The government has liberalised FDI regime in many sectors and in various ways and India is today among the most open economies. “Creating an enabling environment for business, and attracting investments, is my top priority. We have to do this to create opportunities for our youth,” he said.

Further the Prime Minister said India has placed the highest emphasis on ease of doing business.

“We have taken decisive steps to ease licensing processes, and rationalise provisions and procedures relating to clearances, returns, and inspections. We are monitoring implementation of hundreds of action points across various sectors, aimed at improving the regulatory framework. This is part of our promise of Good Governance,” he added.

Noting that India is moving closer to global best practices and day by day it is getting more and more integrated with the world, Modi said, “our confidence has been boosted by the positive impact of our policies and practices. This also gives us the motivation to further simplify our processes to become the easiest place to do business. Every day, we are further rationalising our policies and procedures, to make it simple for businesses to establish and grow.