Upside of Modi’s International Visits? An Increase of 27% in FDI

India received $19.78 FDI from 12 countries visited by Modi, Commerce and Industry Minister tells Rajya Sabha.

Modi was given a Ceremonial welcome at Kazakhstan’s President Palace. (Photo:Twitter.com/@narendramodi)

India received USD 19.78 billion foreign direct investment (FDI) from 12 countries visited by Prime Minister Narendra Modi in the financial year 2014-15, Parliament was informed on Wednesday.

During the period, Indian companies invested $3.42 billion in these countries which include Bhutan, Brazil, Nepal, Japan, the US, Myanmar, Australia, Fiji, Seychelles, Mauritius, Sri Lanka and Singapore.

The total outflow and inflow of foreign investment in general for 2014-15 fiscal was USD 6.42 billion and USD 75.71 billion, respectively, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to Rajya Sabha.

In 2014-15, FDI in India increased by 27% to USD 30.93 billion.