Economy

India Records Highest Ever FDI Inflow Of US$ 81.72 Billion In FY21

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India
  • Gujarat is that the top recipient state during the F.Y. 2020-21 with 37% share of the entire FDI Equity inflows followed by Maharashtra (27%) and Karnataka (13%). (iStock)

NEW DELHI: Foreign direct investments (FDI) into the country (India) grew 19% to $59.64 billion during 2020-21 on account of measures taken by the govt on the fronts of policy reforms, investment facilitation, and simply doing business, commerce, and industry ministry said on Monday.  India India India India India India 

India has attracted the very best ever total FDI inflow of $ 81.72 billion during the fiscal year 2020-21 and it’s 10% higher as compared to the last fiscal year 2019-20 (US$ 74.39 billion).

FDI equity inflow grew by 19% within the F.Y. 2020-21 (US$ 59.64 billion) compared to the previous year F.Y. 2019-20 (US$ 49.98 billion).

In terms of top investor countries, ‘Singapore’ is at the apex with 29%, followed by the U.S.A (23%) and Mauritius (9%) for the F.Y. 2020-21.

‘Computer Software & Hardware’ has emerged because the top sector during F.Y. 2020-21 with around 44% share of the entire FDI Equity inflow followed by Construction (Infrastructure) Activities (13%) and Services Sector (8%) respectively.

Under the world `Computer Software & Hardware’, the main recipient states are Gujarat (78%), Karnataka (9%), and Delhi (5%) in F.Y. 2020-21.

Gujarat is that the top recipient state during the F.Y. 2020-21 with a 37% share of the entire FDI equity inflows followed by Maharashtra (27%) and Karnataka (13%).

The majority of the equity inflow of Gujarat has been reported within the sectors `Computer Software & Hardware (94%) and `Construction (Infrastructure) Activities’ (2%) during the F.Y. 2020-21.

The major sectors, namely Construction (Infrastructure) Activities, Computer Software & Hardware, Rubber Goods, Retail Trading, Drugs & Pharmaceuticals, and Electrical Equipment have recorded quite 100% jump in equity during the F.Y. 2020-21 as compared to the previous year.

Out of the highest 10 countries, Saudi Arabia is that the top investor in terms of percentage increase during F.Y. 2020-21. It invested US$ 2816.08 million as compared to US$ 89.93 million reported within the previous fiscal year.

227% and 44% increase recorded in FDI equity inflow from the USA & the united kingdom respectively, during the F.Y. 2020-21 compared to F.Y.2019-20.

The computer software and hardware sector attracted the very best inflows with around a 44 percent share of the entire FDI equity inflows. it had been followed by construction (infrastructure) activities (13 percent) and services sector (8 percent), respectively.

“Gujarat is that the top recipient state during 2020-21 with 37 percent share of the entire FDI equity inflows, followed by Maharashtra (27 percent) and Karnataka (13 percent),” it added. PTI RR HRS hrs

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