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FDI equity inflow increased 19 per cent during FY21 to $59.64 billion, as against $49.98 billion in FY20. Singapore was the biggest investor in India last fiscal, accounting for 29 per cent FDI
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NEW DELHI â Commerce and Industry Minister Piyush Goyal has called upon companies in the U.S. to look at India as a manufacturing base.
Delivering the inaugural virtual address at the annual conference of USIBCâs State of US-India Business, he said that trade between India and the U.S. has grown exponentially, but there is a lot more to be desired.
Goyal said that the U.S. and India complement each other.
He said that the U.S. offers technology, finance and innovation, whereas India has a large market that needs to be served.
The minister, however, said that at the same time, there is a need to protect people in agriculture and protect the citizens from low quality products.