India reported highest FDI inflow worth $83 billion in 2021-2022: Centre | Latest News India

India has reported the highest international direct funding (FDI inflow) to the tune of $83.57 billion for the monetary year 2021-2022, the Ministry of Commerce and Industry stated, including the nation’s international funding inflows elevated 20-fold because the monetary year 2003-04 when it recorded mere $4.3 billion.

The figures for 2021-22 have overtaken the earlier monetary year by $1.60 billion regardless of the Ukraine struggle and Covid-19 pandemic, the ministry added.

According to the federal government, the FDI inflow in the manufacturing sectors elevated by 76 per cent in the earlier monetary year ($21.34 billion) as in comparison with the $12.09 billion in the monetary year 2020-21.

According to the info, the FDI inflow has elevated by 23 per cent post-Covid pandemic i.e March 2020 to 2022 registered inflow of $171.84 billion towards $141.10 billion between February 2018-2020.

Among the highest contributors to India’s FDI inflow, Singapore topped the charts with a share of 27 per cent, adopted by US (18 per cent) and Mauritius accounting for 16 per cent.

The computer software and {hardware} remained the highest sector which obtained the FDI inflow with round 25 per cent share, adopted by companies sector and car sector getting 12 per cent every.

In the computer {hardware} and software sector, Karnataka (53 per cent), Delhi and Maharashtra (17 per cent every) bagged the share of the FDI inflow, the federal government knowledge said.

Karnataka is the highest recipient state with 38% share of the overall FDI Equity inflow reported throughout the earlier monetary year adopted by Maharashtra (26%) and Delhi (14%).

Majority of the fairness inflow of Karnataka has been reported in the sectors `Computer Software & Hardware’ (35%), Automobile Industry (20%) and `Education’ (12%) throughout the FY 2021-22.

The authorities has attributed the excessive inflow to the measures taken in the previous eight years. “The government reviews the FDI policy on an ongoing basis and makes significant changes from time to time, to ensure that India remains attractive and investor friendly destination,” the ministry stated, including that the federal government has put in place a liberal and clear coverage for FDI, whereby a lot of the sectors are open to FDI beneath the automated route.

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