: India witness record FDI inflow over 81 billion dollars during 202021 #FinanceIndia #StockMarketNEWS India witness record FDI inflow over 81 billion dollars during 2020-21 New Delhi, May 25 (KNN) India

@StockMarketNEWS Thu 27 May, 2021

Posted in: #FinanceIndia #StockMarketNEWS

India witness record FDI inflow over 81 billion dollars during 202021 #FinanceIndia #StockMarketNEWS
India witness record FDI inflow over 81 billion dollars during 2020-21 New Delhi, May 25 (KNN) India attracted the highest ever total Foreign Direct Investment (FDI) inflow of 81.72 billion dollars during 2020-21 which is 10 per cent more than the last financial year, the Ministry of Commerce & Industry said.

FDI equity inflow grew by 19 per cent in the F.Y. 2020-21 (59.64 billion dollars) compared to the previous year F.Y. 2019-20 (49.98 billion dollars).

"Measures taken by the Government on the fronts of Foreign Direct Investment (FDI) policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country," it further said in its statement on Monday.

In terms of top investor countries, ‘Singapore’ is at the apex with 29 per cent, followed by the USA (23 per cent) and Mauritius (9 per cent) for the FY 2020-21.

Computer software and hardware emerged as the top sector with around 44 per cent share of the total FDI equity inflow followed by construction (infrastructure) activities (13 per cent) and services sector (8 per cent) respectively, the statement added.

The states that received FDI in computer software and hardware include Gujarat (78 per cent), Karnataka (9 per cent), and Delhi (5 per cent). Of the total FDI equity inflows, Gujarat emerged as the top recipient state during the FY 2020-21 with 37 per cent share, followed by Maharashtra (27 per cent) and Karnataka (13 per cent).

Out of top 10 countries, Saudi Arabia is the top investor in terms of percentage increase during F.Y. 2020-21. It invested 2816.08 million dollars in comparison to 89.93 million dollars reported in the previous financial year.

Other countries include the USA and the UK, which increased their share in FDI equity inflow by 227 per cent and 44 per cent during FY 2020-21 compared to FY 2019-20.