evidence: What about FDI Equity flow? The first claim is that FDI equity flow has gone up by 47%. The OECD defines FDI flows as the ‘value of cross-border transactions related to direct investment during a given period of time, usually a quarter or a year. Financial flows consist of equity transactions, reinvestment of earnings, and intercompany debt transactions. Outward flows represent transactions that increase the investment that investors in the reporting economy have in enterprises in a foreign economy, such as through purchases of equity or reinvestment of earnings. Inward flows represent transactions that increase the investment that foreign investors have in enterprises resident in the reporting economy. FDI flows are measured in USD and as a share of GDP.’ The claim is vague in terms of defining the years of comparison for FDI equity flow. Assuming that the claim refers to inflows and the years of comparison are the same as the ones for the next claim (i.e. 2013-14 and 2016-17), the percentage increase in FDI equity inflow is 79%. The FDI equity inflow in 2013-14 is USD 24.299 billion and in 2016-17 is USD 43.478 billion. Hence it is not true. If we consider different combinations of base year and comparison year, the numbers vary greatly between 40% to 77% but none of them add up to 47%. The numbers can be corroborated from different sources including the data published by Department of Industrial policy and Promotion, and answers provided in the Lok sabha on 19th March and 23rd July of 2018.