Amid speculation that Foreign Direct Investment (FDI) norms in retail and print media could be eased, the Centre on Friday said its endeavour had been to put in place an investor-friendly FDI policy by removing bottlenecks hindering investments.
The reform measures of the last financial year resulted in India receiving record FDI inflows of $60.08 billion in FY17 as against $55.6 billion in FY16, the Commerce & Industry Ministry said in a statement.
The Government in last three years has undertaken reforms in 21 sectors covering 87 areas of FDI policy, it said, adding that the country has now become the topmost attractive destination for foreign investment.
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The momentum of positive business climate was further ignited with launch of Make in India initiative in September 2014.