The cumulative equity FDI inflows from Canada rose from $1.8 billion in March 2019 to $3.9 billion in March 2024, shows data from the Department for Promotion of Industry and Internal Trade (DPIIT).
The overall share is up from 0.42 per cent to 0.57 per cent during the same period, suggesting that Canadian FDI grew faster than overall FDI during this period (chart 1).
The FDI numbers reflect a substantial investment in a venture such as a foreign company setting up a factory in India.
Such investments are typically seen to be long term in nature.
This story is from the October 16, 2024 edition of Business Standard.
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This story is from the October 16, 2024 edition of Business Standard.
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