Claim: FDI in India has increased by 39% in the last 18 months, at a time when global FDI has fallen: PM @narendramodi at ET Global Business Summit
Fact: Partly true. In 2015, foreign direct investment worldwide reached the highest levels since the 2008 financial meltdown, not just in India.
Explanation: Foreign direct investment (FDI) inflows increased 38% from $3,604 million in May 2014 to $4,975 million in January 2016, according to data from the Department for Promotion of Industry and Internal Trade.
Global foreign direct investment also increased 36% in 2015 over 2014, reaching the highest levels since the financial meltdown in 2008, according to this United Nations Conference on Trade and Development report released on January 20, 2016.
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