FDI in India increases to $ 284 billion during 2014-19: Nirmala Sitharaman

NEW DELHI: Foreign direct investment (FDI) in the country increased to $ 284 billion during 2014-19, the finance minister said on Saturday by presenting the Union Budget by 2020-21.

India's FDI rose to the level of $ 284 billion during 2014-19 from $ 190 billion that arrived during the years 2009-14, he said.

Foreign entries to India grew 15 percent to $ 26 billion during the first half of the current financial year.

The sectors that attract maximum foreign inputs include services, software and hardware from computers, telecommunications, automobiles and commerce.

Live plus Singapore It continued to be the largest source of FDI in India during the first half of the financial year with investments of $ 8 billion. It was followed by Mauritius, the United States, the Netherlands and Japan.

FDI is important as the country requires large investments to review its infrastructure sector to boost growth.

Last year, the government relaxed foreign investment standards in sectors such as brand retailing, coal and contract manufacturing.