Evidence of measures to boost investment reflects in record FDI inflow of $35 billion: CEA

Chief Economic Advisor (CEA) KV Subramanian on Friday said the evidence of measures to boost investment was actually seen in the record FDI inflows with US dollar 35 billion in the first half of 2019-20 as against US dollar 32 billion during the last corresponding period."Evidence of measures to boost investment is actually seen in the record FDI inflows -- US dollar 35 billion in the first half of 2019-20 as against US dollar 32 billion during the last corresponding period," said Subramanian here at a press conference."It is a good sign of foreigners seeing India as a very important destination," said Subramanian, while giving details of measures taken so far to bolster consumption and investment.He said that the Central government has focused on clearing all past dues of PSUs, enabling retail credit by supporting NBFCs and HFCs and supporting MSMEs via bill discounting.Stating that there is a change on emphasis on disinvestment to enhance the efficiency of the economy, he said: "All