He says 800%, the data reveal 40%: Narendra Modi appears to be stretching foreign direct investment numbers registered during his one year as prime minister.
Multinational corporations have invested $28.8 billion (Rs 175,886 crore) as FDI in the current financial year till February – an increase of 39% in dollar terms ($20.766 billion) and 40% in rupee terms from Rs 125,960 crore between April 2013 and February 2014.
January 2015 witnessed the highest FDI inflow of $4.481 billion (Rs 27,880 crore), according to data released by the ministry of commerce.
The second highest inflow in the year was in May: $3.604 billion (Rs 21,373 crore), followed by $3.288 billion (Rs 20,397 crore) in February 2015.
Even if we compare the calendar year numbers, the increase is only 85%.
This article was originally published on FactChecker.in.
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In the last 1 year, foreign investment has risen 8 times to 25,000 crores: PM Modi
— NDTV (@ndtv) May 25, 2015Multinational corporations have invested $28.8 billion (Rs 175,886 crore) as FDI in the current financial year till February – an increase of 39% in dollar terms ($20.766 billion) and 40% in rupee terms from Rs 125,960 crore between April 2013 and February 2014.
January 2015 witnessed the highest FDI inflow of $4.481 billion (Rs 27,880 crore), according to data released by the ministry of commerce.
The second highest inflow in the year was in May: $3.604 billion (Rs 21,373 crore), followed by $3.288 billion (Rs 20,397 crore) in February 2015.
Source: Commerce Ministry
Even if we compare the calendar year numbers, the increase is only 85%.
Source: Commerce Ministry
This article was originally published on FactChecker.in.