India attracts total FDI inflow of 72.12 billion dollars during April, 2020 to January, 2021 New Delhi, Apr 6 (KNN) India has attracted a...
India attracts total FDI inflow of 72.12 billion dollars during April, 2020 to January, 2021
New Delhi, Apr 6 (KNN) India has attracted a total Foreign Direct Investment (FDI) inflow of 72.12 billion dollars during April, 2020 to January, 2021, said the Ministry of Commerce & Industry.
''The Measures taken by the Government on the fronts of FDI policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country as India has attracted total FDI inflow of 72.12 billion dollars during April to January, 2021,'' a statement from the ministry said on Monday.
It is the highest ever for the first ten months of a financial year and 15 per cent higher as compared to the first ten months of 2019-20 (62.72 billion dollars), it added.
The statement further said that the trends show that the FDI equity inflow grew by 28 per cent in the first ten months of F.Y. 2020-21 (54.18 billion dollars) compared to the year ago period (42.34 billion dollars). In terms of top investor countries, ‘Singapore’ is at the apex with 30.28 per cent of the total FDI Equity inflow followed by USA (24.28 per cent) and UAE (7.31 per cent) for the first ten months of the current financial year 2020-21.
Japan has been leading the list of investor countries to invest in India with 29.09 per cent of the total FDI Equity inflows during January, 2021, followed by Singapore (25.46 per cent) and the USA (12.06 per cent).
The Computer Software & Hardware has emerged as the top sector during the first ten months of FY 2020-21 with 45.81 per cent of the total FDI Equity inflow followed by Construction (Infrastructure) Activities (13.37 per cent) and Services Sector (7.80 per cent) respectively.
As per the trends shown during the month of January, 2021, the consultancy services emerged as the top sector with 21.80 per cent of the total FDI Equity inflow followed by Computer Software & Hardware (15.96 per cent) and Service Sector (13.64 per cent).
These trends in India’s Foreign Direct Investment are an endorsement of its status as a preferred investment destination amongst global investors, the statement added.
