Foreign investors poured $39 billion into India when the economy was at its worst ...Middle East

At a time when the Covid-19 pandemic was wreaking havoc in India, foreign investors were pumping money into the country at a pace faster than before.Between April and September, when India’s economy was in a “technical recession,” the foreign direct investment (FDI) into the country rose 15% year-on-year to $39.9 billion (Rs29,400 crore), according to a Dec. 4 report by CARE Ratings.“Optimism on India growth story among foreign investors combined with ample liquidity in the global market has aided flows into India,” the report said. It added that the Indian government’s reforms like supporting the manufacturing sector and investors’ bid to find alternate supply chains to China have also led

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