Foreign investors to pump ₹50,000cr into India's banking, finance sectors
What's the story
Union Minister of Commerce and Industry Piyush Goyal has announced that foreign investors have expressed their intention to invest over ₹50,000 crore in India's finance and banking sectors. The announcement comes amid global economic challenges and highlights India's position as a preferred investment destination. Goyal emphasized that even during difficult times, Foreign Direct Investment (FDI) continues to flow strongly into India.
Statement
Goyal's statement on global investment interest in India
Goyal took to X to share his thoughts on India's investment landscape. He said, "In the last few months itself, investors from all over the world have announced plans to invest over ₹50,000 crore in India's finance and banking sector." The minister's statement underscores India's growing appeal as an investment destination for global investors.
FDI growth
Surge in FDI inflow during 1st quarter
According to government data, India's FDI rose by 15% to $18.62 billion during the first quarter of this fiscal year (April-June). The inflow from the US nearly tripled during this period, reaching $5.61 billion. This surge in investment further highlights India's growing attractiveness as a destination for global investors amid challenging global economic conditions.