Total FDI Stood At $54.1 Billion During April-November Of Current Fiscal

New Delhi: Total international direct funding (FDI) acquired by the nation was value $54.1 billion throughout April-November 2021-22, a fall in opposition to $81.97 billion acquired within the corresponding interval of earlier fiscal, authorities knowledgeable Parliament on Wednesday.Total FDI consists of fairness inflows, reinvested earnings and different capital.FDI inflows serve an necessary position in augmenting home capital and assist to advertise industrial growth and employment technology throughout varied sectors and industries, commerce minister Piyush Goyal stated in a written response to a query in Lok Sabha.In a separate reply, the minister stated that as on January 31, 16,737 startups have been recognised by the ministry.In one other reply to a query within the Lok Sabha, junior commerce minister Som Parkash stated to offer seed funding to startups by means of authorized incubators throughout all sectors and areas, the Startup India Seed Fund Scheme was launched by the Department for Promotion of Industry and Internal Trade (DPIIT) on April 16, 2021.As on December 31, 2021, Rs 232.75 crore has been authorized as grant to 58 incubators, and 146 startups have been funded by such authorized incubators, he added.