FDI Inflows Increase But Not As Modi Claims
He says 700%, the data reveal 40%: Narendra Modi appears to be stretching foreign-direct investment (FDI) numbers registered during his one year as Prime Minister.Multinational corporations (MNCs) have invested $28.8 billion (Rs 175,886 crore) as FDI in the current financial year till February – an increase of 39% in dollar terms ($20.766 billion) and 40% in rupee terms from Rs 125,960 crore between April 2013 and February 2014. January 2015 witnessed the highest FDI inflow of $4.481 billion (Rs 27,880 crore), according to data released by the ministry of commerce. The second highest inflow in the year was in May: $3.604 billion (Rs 21,373 crore), followed by $3.288 billion (Rs 20,397 crore) in February 2015.
In the last 1 year, foreign investment has risen 8 times to 25,000 crores: PM Modi— NDTV (@ndtv) May 25, 2015
Source: Commerce MinistryEven if we compare the calendar year numbers, the increase is only 85%.
Source: Commerce MinistryUpdate: The figure for the percentage increase in FDI (claimed by Modi) has been revised.