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Net foreign direct investment rises 23% in H1


Net foreign direct investment (FDI) in India rose 23% to $20.9 billion in the first half of the current fiscal, compared with $17 billion in the year-ago period, finance minister Nirmala Sitharaman told the Lok Sabha on Wednesday.

Responding to the debate in the lower House on the first supplementary demand for grants for FY20, Sitharaman said the investment scenario was not as bad as it was being made out. The Lok Sabha approved the government’s proposal for gross additional expenditure of Rs 21,246 crore, including Rs 2,500 crore for capital infusion into state-owned insurance companies ...


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