In 2016-17, India received the highest-ever FDI flow worth $43.5 billion. Photo: AFPDubai: Cumulative foreign direct investment (FDI) equity flows into India reached $114.4 billion during the last two financial years of 2015-16 and 2016-17, according to a latest report by global accounting firm KPMG. United Arab Emirates (UAE) investors announced $2.5 billion worth of investments in India in a single month—October 2017—including $1 billion investment by Abu Dhabi Investment Authority (ADIA), $1 billion by NRI-Emirati Investor’s Group and a further $462 million investment by Lulu Group in Andhra Pradesh. “In the financial year 2016-17, the country received the highest-ever FDI flow worth $43.5 billion,” KPMG said. “The infrastructure sector is one of the key drivers of the Indian economy.

Source: Mint November 03, 2017 11:26 UTC