Modi govt destroyed domestic investment, annihilated FDI: Congress

(Fast Mail News):-- The Congress accused the Centre of destroying domestic investment and causing a "near annihilation" of foreign direct investment through its practice of "another type of FDI — Fear, Deceit and Intimidation".

In a post on X, All India Congress Committee (AICC) general secretary (communications) Jairam Ramesh said the net FDI in India from April to January 2024–25 was under USD 1.4 billion, as against USD 19 billion from April to January 2012–13, when the Congress-led United Progressive Alliance (UPA) was in power.

Ramesh alleged that Modi Government’s destruction of Domestic Investment (DI) has been accompanied by a near annihilation of FDI (Foreign Domestic Investment) through its practice of another type of FDI (Fear, Deceit, and Intimidation).

He said,the Modi Government achieved this distinction even before President Trump took over in January 2025. During Biden’s Presidency, companies across the world were scrambling to invest in Asian countries excluding China. Vietnam, Indonesia, and Bangladesh got billions in investment while India languished.

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