India’s FDI inflows up 62% to $27.37 bn in April-July 2021-22
24 Sep 2021
India has attracted foreign direct investments of a total $27.37 billion during first four months of the current financial year (2021-22), which is 62 per cent higher compared to $16.92 billion in the corresponding period of the previous financial year 20-21
FDI equity inflow grew by 112 per cent to $20.42 billion in the first four months of the current financial year to $20.42 billion from $9.61 billion in the year ago period.
‘Automobile Industry’ has emerged as the top sector during the first four months of FY22 with 23 per cent share of the total FDI equity inflow, followed by computer software and hardware (18 per cent) and service sector (10 per cent), respectively.
Under the `Automobile Industry’ sector, a major share of the FDI Equity inflow (87 per cent) was reported in the state of Karnataka during the first four months of the current financial year (2021-22).
Karnataka is the top recipient state during the FY22 (upto July 2021) with 45 per cent share of the total FDI Equity inflows followed by Maharashtra (23 per cent) and Delhi (12 per cent).
This has been made possible by changes in the country’s FDI policy reforms, investment facilitation and ease of doing business. This trends in India’s FDI an endorsement of its status as a preferred investment destination amongst global investors, says a government release.