NEW DELHI : There has been decline in foreign direct inflow from China in the last three years with FDI coming down to $163.77 million in 2019-20, Minister of State for Finance Anurag Singh Thakur informed Lok Sabha on Monday. Giving details of the total foreign direct investment (FDI) inflow from Chinese companies in India, he said, it was $350.22 million in 2017-18, while it declined to $229 million in the following year. During 2019-20, FDI further came down to $163.77 million, he said in a written reply on the first day of the monsoon session. With regard to outflow from India, he said, it was $20.63 million in calendar year 2020 as against $27.57 million in the corresponding period last year. "A non-resident entity can invest in India, subject to the FDI policy except in those sectors/activities which are prohibited.

Source: Mint September 14, 2020 10:18 UTC