Foreign investors plan over ₹50 lakh crore investments in finance, banking sectors: Piyush Goyal

Union Commerce and Industry Minister Piyush Goyal has said that in the last few months, foreign investors have announced plans to invest over ₹50,000 crore in India's finance and banking sectors.

Amidst global headwinds, he said India is an oasis for investments. He added that today, India is emerging as a preferred investment destination. Even in turbulent times, Foreign Direct Investment (FDI) continues to flow robustly, the minister said.

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"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 said in a post on X.

This surge in FDI highlights the growing attractiveness of the Indian economy to global investors, he said.

FDI in India rose 15% to $18.62 billion during April-June this fiscal year, while the inflow from the US nearly tripled to $5.61 billion during the quarter, according to government data.

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