Page 25 - NIS English 16-30 June 2022

Cover Story
India on the World Stage
FDI AND FOREX RESERVES

In order to attract investment and facilitate ease of doing business, the government has
further simplified and liberalized the FDI policy for coal mining, contract manufacturing,
digital media, single-brand retail trading, civil aviation, defense, petroleum, telecom, and
insurance. During his foreign tours, Prime Minister Narendra Modi has been reaching out to
investors informing them about reforms made in India.

45.15 55.56 62.00 74.39 81.97

60.22 60.97

India received Foreign
investment of US$
440.26 billion from FY
Amount in Billion Dollars, Source: Reserve Bank of India
2014-2015 to
2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2020-2021.

INDIA HAS THE 4TH LARGEST FOREIGN EXCHANGE RESERVES
$634 The foreign exchange reserves in the

2021-22 billion country are continuously increasing. As

2019-20 $478 of November 2021, India has the fourth
largest foreign exchange reserves after
billion China, Japan, and Switzerland.

new dimension to the two countries' relations. During independence. Five major agreements were reached
his visit to Nepal, he took the initiative to preserve between the two countries, all of which are critical
both countries' religious and cultural heritage by in terms of connectivity, energy, trade, health, and
worshipping at the Janaki temple in Janakpur, the development.
holy birthplace of Goddess Sita. Prime Minister Modi's initiative with neighbouring
Prime Minister Modi has also won the hearts of countries has also strengthened relations with
the people of Sri Lanka. Cultural, political, strategic, Central Asia and Europe. His diplomatic efforts have
and economic ties between the two countries are also resulted in improved relations with Muslim
flourishing. In the midst of the economic crisis, countries. You may recall that in 2019, Crown Prince
India took the first step to assist Sri Lanka. Last of the UAE, Mohamed bin Zayed, bestowed the
year, Prime Minister Modi also gave a new flavor to UAE's highest civilian honour, the "Order of Zayed,"
Indo-Bengaladesh historical and civilizational ties on Indian Prime Minister Narendra Modi, while
by visiting on the 50th anniversary of Bangladesh's also thanking him for visiting "your second home"

New India Samachar June 16-30, 2022 23