Posted 12/4/2023, 4:25:04 PM
FM: More Foreign Companies Investing in India Than Leaving, Data Shows
- FM rejects claims that more foreign companies are leaving India than entering
- FDI in India has increased by $9 billion since 2018-19, indicating confidence of foreign investors
- Between 2018-March 2023, 559 foreign companies ceased operations in India, 469 began
- FM says many foreign companies invest in India via local subsidiaries instead of opening places of business
- FM states opening/closing places of business in India is a commercial decision dependent on various factors