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Foreign direct investment (FDI) in the country rose 53 per cent in the past two years, Finance Minister Arun Jaitley informed the Lok Sabha during Question Hour on Friday. He said this was because the country’s investment climate had improved due to the Centre’s steps to foster growth, price stability and fiscal prudence.
Jaitley was replying to a question by A Hegde (BJP) seeking details of domestic as well as foreign capital investment in the past three years.
The Finance Minister said improving “ease of doing business” was “work in progress“, adding that investments are not made for “charity”.
The Minister said when private sector is stressed, the two engines of investments are the government and foreign sources.
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