India had received foreign direct investment (FDI) inflows worth $339.55 billion in the last five years, Union Minister of State for Commerce and Industry Som Parkash said on Wednesday.

There has been a continuous increase in the inflow of FDI in recent years. It increased from $45.15 billion in 2014-15 to $81.97 billion in 2020-21.

During 2019-20, FDI inflows to India had stood at $74.39 billion. In 2018-19, it had risen to $62 billion. In 2017-18, it was $60.97 billion and in 2016-17, the FDI inflow to India stood at $60.22 billion. 

To promote FDI, the government had put in place an investor-friendly policy, wherein most sectors were open for 100 per cent FDI under the automatic route, Mr Parkash said in a written reply to a question in the Lok Sabha. 

“Further, the policy on FDI is reviewed on an ongoing basis to ensure that India remains attractive & investor-friendly destination. Changes are made in the policy after having consultations with stakeholders, including apex industry chambers, associations, representatives of industries/groups and other organistaions,” it said. 

The government has recently undertaken a number of reforms across sectors. In the last one year alone, reforms in the FDI policy have been undertaken in sectors, such as insurance, defence, petroleum and natural gas and telecom.