InvestorQ : Is it true that India has got $20 billion FDI and how much of that is not RIL flows?
Dia Deshpande made post

Is it true that India has got $20 billion FDI and how much of that is not RIL flows?

Answer
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swati Bakhda answered.
2 weeks ago


Harsh Vardhan Shringla, confirmed that India had actually received $20 billion FDI during the pandemic. Shringla even attributed this surge in FDI flows to structural reforms undertaken by the Modi government in sectors like space, defence etc.

Shringla also highlighted that apart from legislative aspects, ease of doing business and an investor-friendly tax regime had also been key catalysts. However, the real reason for these flows may have less to do with all these factors and more to the charisma of just one company.

The colour of the FDI coming into India reveals that it is either FDI coming into digital businesses or into a Reliance group company. The big number spoken about by Shringla was largely driven by FDI flows into Jio Platforms from the likes of Google and Facebook.