Singapore leads with FDI Equity inflow
India has attracted total FDI inflow of US$72.12 billion during April to January 2021, the highest ever for the first 10 months of a financial year and 15% higher as compared to the same period of 2019-20 which then was US$62.72 billion, Ministry of Commerce and Industry said on 5 Apr 2021.
The trends show that the FDI equity inflow grew by 28% in the first 10 months of F.Y. 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 the US with 24.28% and the UAE 7.31% for the first 10 months of the current financial year 2020-21.
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 with 25.46% and the US with 12.06%.
The Computer Software & Hardware has emerged as the top sector during the first ten months of F.Y. 2020-21 with 45.81% of the total FDI Equity inflow followed by Construction (Infrastructure) Activities with 13.37% and Services Sector with 7.80%, respectively.
As per the trends shown during the month of January 2021, the consultancy services emerged as the top sector with 21.80% of the total FDI Equity inflow followed by Computer Software & Hardware with 15.96% and Service Sector with 13.64%.
These trends in India’s Foreign Direct Investment are an endorsement of its status as a preferred investment destination amongst global investors, said the Ministry, highlighting the pro-FDI measures taken by the Government. #investment #banking #economy #manufacturing #technology /fiinews.com
