Headwinds undeter India, attracts $64.4 bn FDI in FY19

New Delhi: India attracted foreign direct investment of $64.4 billion in the last fiscal, and aims is to take it higher as it moves forward, Union minister V Muraleedharan has said.

At an event here late evening, the Minister of State for External Affairs also said the Centre is considering further opening foreign direct investment in aviation, media and other sectors.

“India is the fastest growing major economy in the world right now. Our Prime Minister has set a vision for a $5 trillion economy. We want to avoid the mistakes of others, and do better,” Muraleedharan said.

“Despite global headwinds, India attracted an FDI worth $64.4 billion, which is six per cent more than in the previous year. And, the aim is to take it higher as the country moves forward,” Muraleedharan said.

Following the last five years, the Centre’s policy has been to give an ‘unprecedented push’ to the economy through initiatives such as Make in India, Ayushman Bharat and UDAN, he said.

Agency