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FDI surge in India hits Rs 50,000 Crore, says Piyush Goyal

India has witnessed a surge in Foreign Direct Investment (FDI) worth over Rs 50,000 crore in recent months, underscoring growing global confidence in the country’s financial strength and economic potential, Union Commerce and Industry Minister Piyush Goyal said on Saturday.In a social media post, Goyal stated that “in the last few months itself, investors from all over the world have announced plans to invest over Rs 50,000 crore in India’s finance and banking sector.” He described this momentum as a reflection of Bharat’s emergence as an “oasis for investments” amid global economic headwinds.

The minister noted that India is increasingly becoming a preferred investment destination even during uncertain global conditions, as FDI inflows continue to remain strong. He attributed this investor confidence to the visionary reforms introduced by Prime Minister Narendra Modi and the government’s efforts to strengthen the financial and banking ecosystem.Goyal emphasised that the surge in FDI not only highlights international trust in India’s economic fundamentals but also supports the country’s progress toward achieving the vision of Viksit Bharat 2047. He added that policy stability, reform-driven governance, and a robust financial infrastructure make India one of the most attractive destinations for foreign investors.
Exports maintain growth momentum despite global uncertainty
Addressing a joint press conference in New Delhi, Goyal expressed optimism that India will record positive export growth this fiscal year despite challenges in global trade. He said that exports have grown by about six to seven per cent overall, supported by resilient demand for Indian goods and services worldwide.According to official data released on October 15, India’s merchandise exports in September rose 6.75 per cent year-on-year to USD 36.38 billion, compared to USD 34.08 billion in the same month last year. However, imports increased 16.7 per cent to USD 68.53 billion from USD 58.74 billion a year earlier.Goyal said India’s economic resilience, consistent demand, and confidence from global investors demonstrate the country’s steady progress towards becoming a major economic powerhouse.

(Business Correspondent)


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