Highest ever FDI! India sees 10 % jump in FY 21-THESE countries are top contributors zeebizindia@gmail.com (Zee Business) © Provided by Zee Business
India has attracted the highest ever total FDI (Foreign Direct Investment) inflow of $81.72 billion during the financial year 2020-21, 10 per cent higher as against the last financial year ($74.39 billion).
Similarly, the FDI equity inflow grew by 19 per cent in FY21, which is around $59.64 billion as against $49.98 billion in the previous year, the data released by the Ministry of Commerce & Industry said.
The ministry further said, 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.
India attracts highest-ever FDI inflow in pandemic year FY21
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Despite the COVID-19 pandemic, India witnessed a 10 per cent rise in Foreign Direct Investment (FDI) in FY 2021 compared to last financial year (FY) 2020. India attracted highest investments from Singapore.
Gujarat is the top recipient state during the FY 2020-21 with 37 per cent share of the total FDI Equity inflows, followed by Maharashtra (27 per cent) and Karnataka (13 per cent). Maharashtra maintains its second spot as against Karnataka.
According to the Economic Survey for 2019-20, Karnataka received FDI worth Rs 32,431 crore against Rs 25,316 crore in Maharashtra, followed by Rs 24,012 crore in Gujarat.
Majority of the equity inflow of Gujarat has been reported in the sectors like Computer Software & Hardware (94 per cent) and Construction (Infrastructure) Activities (2 per cent) during the FY 2020-21.