'We are a listening government': Piyush Goyal says FDI inflow remains strong, money flowing back to India | Today news

There is no falling trend in direct foreign investment (FDI) in India, although periodic fluctuations can sometimes occur as a result of global interest rate changes, Trade and Industry Minister Piyush Goyal said. Goyal also emphasized that FDI remains strong as India sees renewed overseas inflows, suggesting that the government is open to proposals and will take new measures to promote FDI in the country, Pti reports. India is an attractive place for FDI over the past 11 financial years (2014-25), India has attracted FDI worth $ 748.78 billion, an increase of 143 percent in the previous 11 years (2003-14), which has had $ 308.38 billion in overseas. In addition, the number of source countries for FDI increased from 89 in 2013-14 to 112 in 2024-25, which according to the report shows the growing global appeal as an investment destination. Piyush Goyal said of the FDI data: “I don’t think there is a falling tendency; there may be some changes periodically, and this happens more because of changes in interest rate cycles in other countries.” He also noted that “if the mortgage returns become exceptionally high in some countries, money tends to flow into those countries.” “We saw money again to flow back to India,” the minister noted. Govt in talks with Swiss officials to increase trade in 2024-25, India received a total FDI of $ 81 billion, which is the highest in the past three years, Goyal said. The highest FDI inflow ever received was $ 84.83 billion in 2021-22. The Minister of Trade also said that India returned to the FDI growth in $ 81 billion. “We are a listening government. We are open to suggestions and are always ready to take newer measures,” he emphasized. The minister holds meetings with Swiss leaders and businesses to increase trade and investments between the two countries. Contrasting FDI trend: India to other countries Foreign investment in India fell 24.5 percent year-on-year to $ 9.34 billion in the January March of 2024-25. However, it grew by 13 percent to $ 50 billion later during the entire financial year. The total FDI, which includes stock inflows, reinvesting earnings and other capital, has grown by 14 percent over the past financial year to $ 81.04 billion. The same stood at 71.3 billion dollars in 2023-24. While the FDI trend in 2024-25 had its uphill and downhill in India, Singapore at the same time flowed the largest source of FDI with $ 14.94 billion. This was followed by Mauritius ($ 3.73 billion versus $ 8.34 billion), the US ($ 5.45 billion), the Netherlands ($ 4.62 billion), the UAE ($ 3.12 billion), Japan ($ 2.47 billion), Cyprus ($ 1.2 billion), the UK ($ 795 million), Germany ($ 469 million) 371 million). As for the sector wise FDI, inflow has risen in services, trade, telecommunications, car, construction development, non-conventional energy and chemicals.