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Indian Economy

India has received $1.81 billion (about Rs. 12,474 crore) foreign direct investment from China between April 2014 and March 2019, Commerce and Industry Minister Piyush Goyal told the Rajya Sabha on Friday.

The sectors which received maximum inflows include automobile ($876.73 million), electrical equipment ($152.5 million) and services ($127 million).

He also said the trade deficit declined to $53.57 billion in 2018-19 from $63 billion in 2017-18 with China. India received FDI worth $13.62 billion during the period from the U.S.

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