Goyal's response came in response to a question by Congress MP Abdul Khaleque on whether the Foreign Direct Investments into India have declined in 2018-19
The Union Cabinet also approved 100% FDI under automatic route in coal mining and associated infrastructure
he present FDI policy is silent on the fast-growing digital media segment
FDI to India decreased from $44 billion in 2016 to $40 billion in 2017
Foreign Direct Investment (FDI) to India declined to USD 40 billion in 2017 from USD 44 billion in the previous year, said UNCTAD'S World Investment Report 2018. "FDI inflows to South Asia contracted by 4 per cent to USD 52 billion, owing to a drop in inflows to India" the report said today. As per the UNCTAD, the foreign inflows to India decreased from USD 44 billion in 2016 to USD 40 billion in 2017. Cross-border M&A sales, however, rose from USD 8 billion to USD 23 billion driven by a few large deals in extractive and technology related industries. The report said the Petrol Complex Pte Ltd (Singapore), owned by Rosneftegaz (Russian Federation) acquired a 49 per cent stake of Essar Oil Ltd, the second largest privately owned Indian oil company, for USD 13 billion. An investor group including eBay (United States), Microsoft Corporation (United States) and Tencent Holdings (China) acquired a stake in Flipkart Internet for USD 1.4 billion, and Soft Bank (Japan) acquired a 20 per .
Nearly 50% of the $44 billion that came in as foreign direct investment inflows in 2016 went towards brownfield projects