New Delhi (NVI): India has attracted total Foreign Direct Investment (FDI) inflow of US$ 72.12 billion during April 2020 to January, 2021, Ministry of Commerce and Industry said today.
According to the ministry, the government measures on the fronts of FDI policy reforms, investment facilitation have yielded these results.
“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 US$ 72.12 billion during April to January, 2021,” the ministry said.
It is the highest ever for the first ten months of a financial year and 15% higher as compared to the first ten months of 2019-20 (US$ 62.72 billion), the government said.
According to the trends, the FDI equity inflow grew by 28% in the first ten months of Financial Year 2020-21 (US$ 54.18 billion) compared to the year ago period (US$ 42.34 billion).
In terms of top investor countries, ‘Singapore’ is at the apex with 30.28% of the total FDI Equity inflow followed by USA (24.28%) and UAE (7.31%) for the first ten months of the current financial year 2020-21.
The government said that Japan has been leading the list of investor countries to invest in India with 29.09% of the total FDI Equity inflows during January, 2021, followed by Singapore (25.46%) and the USA (12.06%).
“The Computer Software and Hardware has emerged as the top sector during the first ten months of Financial Year 2020-21 with 45.81% of the total FDI Equity inflow followed by Construction (Infrastructure) Activities (13.37%) and Services Sector (7.80%) respectively,” the ministry said in a press release.
As per the trends shown during January, 2021, the consultancy services have emerged as the top sector with 21.80% of the total FDI Equity inflow followed by Computer Software & Hardware (15.96%) and Service Sector (13.64%).