$97 mn in 1991 to $82 bn in 2021 â how reforms made India a go-to destination for FDI
Average yearly FDI inflows were at $63 bn during Modi govt tenure beginning 2014, compared to average annual inflow of $30 bn during 10 yrs of UPA.
Remya Nair 22 July, 2021 9:07 am IST
A+
New Delhi: In 1991, Benin, Trinidad and Tobago, Costa Rica and Pakistan were among the 64 countries that received more foreign direct investment (FDI) than India did.Â
By 2020, however, India emerged as the fifth-largest recipient of FDI in the world, data from the United Nations Conference on trade and development shows.
In absolute terms, FDI into India increased from $97 million in 1990-91 to more than $81,722 million in 2020-21, according to data with the Reserve Bank of India.Â