March 28, 2016

Claim: Net foreign direct investment in the third quarter of the current financial year was an all-time record: PM @narendramodi

Fact: False. The first quarter of 2011-12 saw higher foreign direct investment.

Explanation: The first quarter of the financial year 2011-12 (April to June 2011) saw foreign direct investment worth $13.4 billion, which is more than the $12.8 billion that came in during the third quarter of 2015-16 (October to December 2015), which the PM referred to.


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