FDI inflows grow by 15% during Apr-Jan

by Nidhi Bhati

India has attracted a total foreign direct investment (FDI) inflow of USD 72.1 billion during April 2020-January 2021. Data released by the Ministry of Commerce & Industry shows that it is the highest ever for the first 10 months of a financial year and 15 per cent higher than the USD 62.7 billion FDI recorded during the corresponding period of previous financial year. The computer software and hardware emerged as the top sector during the first ten months of the fiscal with 45.8 per cent of the total FDI Equity inflow, followed by construction (infrastructure) activities at 13.4 per cent and services sector at 7.8 per cent, respectively. FDI equity inflow was up by 28 per cent year-on-year at USD 54.2 billion, with highest investment coming from Singapore followed by the United States (US) and United Arab Emirates (UAE).

References
1. https://www.pib.gov.in/PressReleasePage.aspx?PRID=1709654