GoI debunks The Hindu propaganda over FDI inflows: Details
The Government of India has debunked the propaganda article published in The Hindu on 2 June 2021 over the surge in FDI inflows for the year 2020-21. The rebuttal from the government says the author erroneously considered FDI inflows of USD 81.72 billion includes amounts attributable to ‘repatriation/disinvestment’ and ‘FII investments’. Source: Government of India “The RBI data is purported to be analysed to arrive at the erroneous conclusion that the surge in FDI inflows to USD 81.72 billion in 2020-21 is attributable to an increase in amounts attributable to ‘repatriation/disinvestment’ and ‘FII investments’,” the statement issued by the Government of India said. Consequently, foreign exchange inflows pursuant to ‘FII investments’ will not impact the calculation of FDI inflows,” the statement said. Busting the incorrect analysis published in The Hindu article, the Centre said the author had wrongly attributed the amounts in respect of ‘repatriation/disinvestment’ to investments from private equity funds and It also informed that the ‘repatriation/disinvestment’ of USD 27 billion in 2020-21 has been categorized separately by the RBI and it does not form a part of the FDI inflow figure of USD 81.72 billion.
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