India Is Providing Best Investment Opportunities: Piyush Goyal

Describing India as the best destination for investment, Piyush Goyal, the country's Commerce and Industry Minister in the US, has said in his statement that the time has come to merge the mutual interests of India and America together. He said in his statement that investment opportunities in India should not be lost. Addressing industry representatives from the US and India in San Francisco, Union Minister Piyush Goyal has said in the US that both countries can contribute to the global security stability and resilient supply chain.

Union Minister Piyush Goyal has also said that there are competitive advantages that are yet to be gained from India-US relations. While India has provided America with the flexibility of supply chains and young talent, the US has provided India with investment. These partnerships make for great business cases. Union Minister Piyush Goyal said this while addressing the US India Strategic Partnership Forum (USISPF).

FDI equity inflows into India totaled USD 16.59 billion in April-June this fiscal year, down from USD 17.56 billion in the same period last year. According to a May official statement, India received the "highest" annual FDI inflow of USD 83.57 billion in 2021-22.

The government continuously reviews the FDI policy and makes significant changes as needed to ensure that India remains an appealing and investor-friendly destination. FDI restrictions have been relaxed in several industries, including coal mining, contract manufacturing, digital media, single-brand retail trading, civil aviation, defense, insurance, and telecommunications.