FDI flow into India surges 35% in last 17 months even as world saw slump: Amitabh Kant

Department of Industrial Policy and Promotion (DIPP) Secretary Amitabh Kant has said that Foreign Direct Investment in the last 17 months into India has surged by 35 percent, even as across the world it has  fallen by 16 percent. FDI has come into manufacturing, consumer goods, logistics and food processing sectors.

Kant said that since 'Make in India', which was launched in end-September last year, FDI has grown by 40 per cent as compared to the previous year. But in the last seventeen months of Modi government, FDI has grown by 35 per cent as compared to the previous seventeen months.

Highlighting Indian economy, Kant said that India is growing at 7.4 per cent and it is an oasis of growth in the midst of a very balanced economic landscape across the world. He further said that the challenge for India is to grow at 9-10 per cent over a long period of time over the next three decades or more. For India to grow at 9-10 per cent it has to become a very easy and simple place for people to do business and it has to grow rapidly in manufacturing sector.