FDI surges by 19% to $59.64 bn in 2020-21: Indian Commerce Ministry

Spread the love

New Delhi 24 May 2021: Foreign Direct Investments (FDI) grew from 19% to USD 59.64% billion during 2020-2021 in the country, by measures taken by the government on the fronts of policy reforms, investment facilitation, and ease of doing business promotes FDI  inflows into the nation, the Commerce and Industry said on Monday.

Moreover, inflows are an endorsement of India’s status as the preferred investment destination among global investors.

Including equity, re-invested earnings, and capital, the total FDI surges its growth up to 10 percent, highest ever of USD 81.72 billion during 2020-21 compared to USD 74.39 billion in 2019-2020, says the ministry.

From the investor’s section, Singapore is at the highest with 29% share, followed by the US with 23% and Mauritius 9% during the last fiscal.

The computer hardware & software section had the highest inflows with almost 44% shares followed by construction activities 13% and services sector 8%.

And as from states, Gujarat is at the top recipient in 2020-21 with 37% share, Maharashtra with 27% share and Karnataka has 13% share of the total FDI equity.

Source: PTI