As a result of bold policy reforms, the total inflow of foreign direct investments into India reached a new high of $60.08 billion during 2016-2017, registering an increase of 8% as compared to the previous fiscal year, the government said on April 19. "The total FDI inflow grew by 8% to $60.08 billion in 2016-2017 in comparison to $55.56 billion of the previous year. It is so far the highest for a particular financial year. Prior to this, the highest FDI inflow was reported in 2015-2016," the Commerce Ministry said in a statement.
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