Ministry of Commerce and Industry of Republic : India attracted highest ever total FDI inflow of US$ 81.72 billion during 2020-21, 10% more than the last financial year
05/24/2021 | 06:43am EDT
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Message : Ministry of Commerce & Industry India attracted highest ever total FDI inflow of US$ 81.72 billion during 2020-21, 10% more than the last financial year Posted On: 24 MAY 2021 3:56PM by PIB Delhi 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. The following trends in India s Foreign Direct Investment are an endorsement of its status as a preferred investment destination amongst global investors:
India attracts highest-ever FDI inflow in pandemic year FY21
By IANS |
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Foreign Direct Investment Confidence Index. Image Source: IANS News
New Delhi, May 24 : Beating the pandemic blues, India attracted the highest level of foreign direct investment (FDI) in financial year 2020-21, even surpassing the previous year s numbers by a healthy 10 per cent, an official statement said on Monday.
The country attracted total FDI inflow of $81.72 billion in FY21, 10 per cent higher as compared to the last financial year 2019-20 at $74.39 billion, it said.
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, the Commerce Ministry statement said.
Foreign direct equity investments (FDI) inflows grew by 19 per cent year-on-year (YoY) in financial year 2020-21 (FY21) to a record $59.64 billion, according to data released by the Department for Promotion of Industry and Internal Trade (DPIIT) on Monday. Despite the disruption caused by the Covid-19 pandemic in FY21, India attracted the highest ever total FDI inflow, which includes equity capital of unincorporated bodies, reinvested earnings, and other capital. Total FDI stood at $81.72 billion, up 10 per cent YoY. In FY20, India attracted gross inflows of $74.39 billion. “Measures taken by the government on the fronts of FDI policy reforms, investment facilitation and ease of doing business have resulted in increased inflows. The trends are an endorsement of India’s status as a preferred investment destination amongst global investors,” an official statement said.
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