World Economy

India FDI Up 40%

India FDI  Up 40%India FDI  Up 40%

Indian Prime Minister Narendra Modi told a London audience that FDI into India has increased by 40% since last year, which shows the increasing global confidence in the country, PTI reported. “When I talk of FDI, one important aspect is Foreign Direct Investment, but for me it’s another most important aspect is First Develop India and we want to move ahead balancing both these things,” Modi said while addressing the Indian diaspora at the Wembley Stadium. He also mentioned rupee bonds being issued by the Indian Railways at the London Stock Exchange. ‘’We have opened the doors for FDI. For the first time, Indian Railways has brought rupee bond to London Stock Exchange,” he said. Modi also talked about railways and electricity in India. “India has to get rid of its problems but India also has to make it modern India, complete India. “Now, we want speedy railways. We want railways with good convenience,” he added.