India received record FDI in last 7 years, trend to sustain: Piyush Goyal

India attracted record foreign direct investment over the last several years and the trend is expected to continue, considering the major structural reforms being undertaken by the government, commerce and industry minister Piyush Goyal said on Tuesday.

“As per a recent CII-Ernst & Young report, India is the next global investment hotspot and we have the potential to attract and annual FDI in the range of $120-160 billion by 2025. Last seven years we have seen a record FDI, each breaking the previous record for seven years in a row. I hope to see that continue, looking at major structural reforms being undertaken. This pick up in economic activity is here to stay and the future looks to be extremely bright,” Goyal said at an event organised by industry lobby group CII’s National Conference on MNCs 2021.

According to official data, India had attracted a total foreign direct investments (FDI) inflow of $22.53 billion during April-June quarter up 90 per cent year on year. Total FDI includes equity capital of unincorporated bodies, reinvest earnings and other capital.

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