India’s FDI inflows almost double during first quarter of current fiscal compared to last year
Podnews
1 min read
New Delhi. Measures taken by the Government on the fronts of Foreign Direct Investment policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflow into the country.
India has attracted total FDI inflow of 22.53 billion dollars during April to June, this year which is 90 per cent higher as compared to first three months of 2020-21 which was 11.84 billion dollars.
FDI equity inflow grew by 168 per cent in the first three months of Financial Year 2021-22 which is 17.57 billion dollars compared to the year ago period which was 6.56 billion dollars.
Commerce and Industry Ministry said, Automobile Industry has emerged as the top sector during the first three months of Financial Year 2021-22 with 27 per cent share of the total FDI Equity inflow followed by Computer Software and Hardware 17 per cent and Services Sector 11 per cent.
Under the sector Automobile Industry, majority of FDI Equity inflow 88 per cent was reported in the state of Karnataka during the first three months of the current financial year.
Karnataka is the top recipient state during the Financial Year 2021-22 upto June, 2021 with 48 per cent share of the total FDI Equity inflows followed by Maharashtra 23 per cent and Delhi 11 per cent.
