The Modi effect: US FDI into India has jumped 500% in the last two years

The Modi effect: US FDI into India has jumped 500% in the last two years

When India’s commerce minister Nirmala Sitharaman meets US commerce secretary Penny Pritzker in New Delhi on Tuesday (Aug. 30), the duo will have plenty to cheer about. After all, they are meeting in the backdrop of a spectacular 500% growth in US foreign direct investment (FDI) in India over the past two years. Since prime…