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FDI Surged by 18% in FY18: RBI
January 30, 2019
According to the data shared by the Reserve Bank of India (RBI), Foreign Direct Investment (FDI) increased by 18% to ₹28.25 lakh crores during the financial year 2017-18.
The central bank shared the data on “Census on Foreign Liabilities and Assets of Indian Direct Investment Companies, 2017-18” and said that around 24,065 companies showed interest in the latest round of the census and that the manufacturing sector has the majority share in the total investment. It also said that Overseas Direct Investment (ODI) by Indian companies increased to ₹5.28 lakh crores thereby recording a 5% growth.
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