"Something in the range of $29.6 billion (India has received FDIs) in the last fiscal. In terms of percentage, it is 38 per cent rise in inflows compared to 16 per cent dip all over the world," Sitharaman added.

The Minister said India has received the highest FDIs compared to other countries only showed that the Indian economy is instilling confidence in the minds of investors.

"It is only improving day by day. Largely individual, trust and other corporate entities are coming in," she said.

The US business houses in next five years will be investing anywhere between $40 to 45 billion in India in various sectors of activity.

"The US-India Business Council has assessed that in the next five years US Business Houses will be interested in investing anywhere between 40 to 45 billion US dollars in India in various sectors of activity," she said.

However, Foreign Institutional Investments (FIIs) are progressively coming down, Sitharaman said.

"FIIs are dropping. There is no increase in FIIs. They actually are progressively coming down," she said.

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