FDI inflows into the country have increased due to policy reforms in FDI, ease of investment and ease of doing business.
The total FDI was $ 72.12 billion.
During the first ten months of the financial year 2020-2021, the foreign direct investment in shares through shares increased by 28 per cent to $ 54.18 billion (Rs 3.8 lakh crore). According to the data released on Monday by the Ministry of Commerce and Industry, FDI investment in equity was $ 42.34 billion in the same period a year ago. Total FDI (including re-investment of earned earnings) grew by 15 per cent to $ 72.12 billion in the first 10 months of FY 2020-21.
It says, “FDI inflows into the country have increased due to policy reforms in FDI case, ease of investment and ease of doing business.” For these reasons, the total FDI inflows in April-January in 2020-21 stood at $ 72.12 billion. “According to the statement, it is the highest FDI till date in the first 10 months of any financial year. Among the investing countries, Singapore ranked first with a 30.28 per cent share in total FDI equity inflows. It was followed by the United States (24.28 per cent) and the United Arab Emirates (7.31 per cent).
According to the ministry, in the first 10 months of the last financial year, the computer software and hardware sector was on top in terms of FDI. 45.81 percent of the total FDI came in this area. This was followed by construction (infrastructure) activities (13.37 per cent) and services (7.80 per cent). According to the statement, “This trend of FDI in the country shows that global investors are looking at India as a preferential investment destination.”
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