Negotiating bilateral investment treaties to sustain FDI growth: FM Sitharaman

India is negotiating bilateral investment treaties with foreign partners, including the UK, to sustain the growth of foreign direct investment (FDI) in the country. The FDI inflows in India during 2014-23 were $596 billion, twice the inflow during 2005-14. To encourage sustained foreign investment, India is focusing on ‘first develop India’ and ensuring equitable and predictable treatment for investors. The FDI inflow in India reached its highest ever annual level of $85 billion in FY22. In the current financial year, FDI worth $33 billion has been reported.

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