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FDI in India increased 53 percent in past 2 years

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Staff Writer | July 30, 2016
India said that foreign direct investment inflows into the country have jumped to 53 percent in the last two years.
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Economy in Asia   The highest-ever foreign direct investment
"In the last two years, there has been 53 percent rise in FDI (foreign direct investment) into the country, which is a record high. Comprehensive reforms in FDI have resulted in the highest-ever FDI inflow in 2015-16," Indian Finance Minister Arun Jaitley told the Parliament.

"Steps taken by the government to foster economic growth, price stability and fiscal prudence have improved the overall macroeconomic stability, which brightens the investment climate in the country."

Asserting that the Indian government has adopted several measures to attract foreign and domestic investors, Jaitley said "In addition to opening up more sectors for FDI, related conditionalities have been smoothened by this government."

"Improving the ease of doing business is a work in progress," he added.