FDI equity inflow grew by 40%
India has attracted total FDI inflow of US$67.54 billion during April to December 2020, the highest ever for the first ninth months of a financial year, the Commerce and Industry Ministry said on 4 Mar 2021.
It was 22% higher as compared to the first ninth months of 2019-20 (US$55.14 billion).
FDI equity inflow grew by 40% in the first 9 months of F.Y. 2020-21 (US$51.47 billion) compared to the year ago period (US$36.77 billion), the ministry said.
FDI inflow increased by 37% in 3rd Quarter of 2020-21 (US$26.16 billion) compared to 3rd quarter of 2019-20 (US$19.09 billion).
FDI inflow showed positive growth of 24% in the month of December, 2020 (US$9.22 billion) compared to December, 2019 (US$7.46 billion), it said.
It has been the endeavor of the Government to put in place an enabling and investor friendly FDI policy. The intent all this while has been to make the FDI policy more investor friendly and remove the policy bottlenecks that have been hindering the investment inflows into the country, said the Ministry.
Continuing on the path of FDI liberalization and simplification, Government has carried out FDI reforms across various sectors, added the Ministry.
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, it said. #FDI #investment #projects #banking /fiinews.com
