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In FY22, India received the highest annual FDI inflows of $84.835 billion, which exceeded the previous fiscal year by $2.87 billion.

Singapore, the USA, and Mauritius are the top three sources of Foreign Direct Investment (FDI) equity inflows to India, and these countries together accounted for around 61 per cent of the total overseas investment in the country during the financial year 2021-22, according to government data released on Thursday.

He said the Department for Promotion of Industry and Internal Trade (DPIIT), in consultation with the state governments, had started a comprehensive reform exercise in states and union territories under Business Reforms Action Plan (BRAP).

India is rapidly emerging as a preferred country for foreign investments as the steps taken by the government led by Prime Minister Narendra Modi during the last eight years have borne fruit as is evident from the ever-increasing volumes of FDI inflow setting new records.

AST, the member-driven cooperative and leading provider of proactive patent defense solutions, has announced the upcomi...