India has been witnessing an annual rise in foreign direct investment (FDI), which was at $34.90 bn till November of this fiscal, parliament was informed recently. FDI stood at $62 bn in fiscal 2018-19, at $60.90 bn in 2017-18 and $60.22 bn in 2016-17, Minister of State for Finance Anurag Thakur said in the upper house. In spite of a global contraction in FDI inflows, FDI into India has significantly improved over the past decade to $62 bn, which accounts for 2.37 per cent of GDP in 2018-19 fiscal, he said.
