Question : Fall in FDI

(a) whether there has been a fall in FDI inflow during the last six years;

(b) if so, the reasons therefor;

(c) the details of FDI inflow during the said period, year-wise;

(d) the steps taken by the Government to increase FDI inflow?

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THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY
(SHRI SOM PARKASH)

(a) & (b): No, Sir. Foreign Direct Investments (FDI) inflow has in fact increased constantly from US$ 45.15 billion in 2014-15 to US$ 74.39 billion in 2019-20.

(c): Financial Year wise details of FDI Inflow for the last six years and current year (upto December, 2020) are as under:-
<pre>

S. No. Financial Year FDI inflow
(in US$ billion)
1. 2014-15 45.15
2. 2015-16 55.56
3. 2016-17 60.22
4. 2017-18 60.97
5. 2018-19 62.00
6. 2019-20 74.39
7. 2020-21
(April to December, 2020) 67.54
NOTE:- Figures are provisional subject to reconciliation with RBI, Mumbai.
</pre>

(d): Government reviews the FDI policy on an ongoing basis and makes significant changes from time to time, to ensure that India remains attractive & investor friendly destination. The following reforms have been undertaken by the Government recently across sectors:

i. 100% FDI has been permitted in Intermediaries or Insurance Intermediaries
ii. Government amended the extant FDI Policy to permit Foreign Investment(s) in M/s Air India Ltd. by NRIs, who are Indian Nationals, up to 100% under automatic route.
iii. FDI in defence sector is allowed up to 74% through automatic route (from earlier 49%) for companies seeking new industrial licenses. FDI beyond 74% and up to 100% will be permitted under Government route.
iv. This Department has released ''Consolidated FDI Policy Circular 2020'' and amended the Standard Operating Procedure (SOP) for ease of processing FDI proposals


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