Union Minister Piyush Goyal has emphasised a large increase in Foreign Direct Investment (FDI) into India, stating that the country is becoming a more appealing destination for international investors. According to Goyal, investors from around the world have announced plans to invest more than Rs 50,000 crore in India’s financial and banking sector in a few months.
In a social media post, the minister described India as “an oasis for investments” during global economic uncertainty. He emphasised that the consistent inflow of FDI demonstrates growing international confidence in India’s economic potential and highlights the country’s development as a preferred investment destination.
Goyal attributed this strong interest to the government’s consistent reforms under Prime Minister Narendra Modi, which have improved the financial and banking systems. He stated that India’s progressive policy framework, reform-oriented governance, and strong financial infrastructure remain among the most appealing destinations for global capital.
Addressing export growth, the minister voiced hope despite global trade worries. In September, India’s merchandise exports gained 6.75% to USD 36.38 billion, while imports increased 16.7% to USD 68.53 billion year-on-year. According to Goyal, these data illustrate the durability and continued demand for Indian goods and services worldwide.
