Singapore topped the list of investors
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, totalling US$81.72 billion during 2020-21, 10% more than the last financial year’s (2019-20) US$74.39 billion.
The following trends in India’s Foreign Direct Investment are an endorsement of its status as a preferred investment destination amongst global investors, said the Ministry of Commerce and Industry in a release on 24 May 2021.
The Ministry gave details:
FDI equity inflow grew by 19% in the F.Y. 2020-21 (US$59.64 billion) compared to the previous year F.Y. 2019-20 (US$49.98 billion).
In terms of top investor countries, Singapore is at the apex with 29%, followed by the U.S.A (23%) and Mauritius (9%) for the FY 2020-21.
Computer Software & Hardware has emerged as the top sector during FY 2020-21 with around 44% share of the total FDI Equity inflow followed by Construction (Infrastructure) Activities (13%) and Services Sector (8%) respectively.
Under the sector Computer Software & Hardware, the major recipient states are Gujarat (78%), Karnataka (9%) and Delhi (5%) in FY 2020-21.
Gujarat is the top recipient state during the FY 2020-21 with 37% share of the total FDI Equity inflows followed by Maharashtra (27%) and Karnataka (13%).
Majority of the equity inflow of Gujarat has been reported in the sectors Computer Software & Hardware (94%) and Construction (Infrastructure) Activities (2%) during the FY 2020-21.
The major sectors, namely Construction (Infrastructure) Activities, Computer Software & Hardware, Rubber Goods, Retail Trading, Drugs & Pharmaceuticals and Electrical Equipment have recorded more than 100% jump in equity during the FY 2020-21 as compared to the previous year.
Out of top 10 countries, Saudi Arabia is the top investor in terms of percentage increase during FY 2020-21. It invested US$2,816.08 million in comparison to US$89.93 million reported in the previous financial year.
The Ministry recorded 227% and 44% increase in FDI equity inflow from the USA & the UK respectively, during the FY 2020-21 compared to FY 2019-20. #investment #banking #technology /fiinews.com
