New Delhi: India has attracted a total foreign direct investment (FDI) inflow of $6.24 billion in April 2021, which is 38 per cent higher compared to the total inflow of $ 4.53 billion in the corresponding month last year. In April, the total FDI equity inflows amounting to $4.44 billion were reported in the country, which is 60 per cent higher compared to $ 2.77 billion reported in the same month last year, government data showed on Wednesday, June 23.
Steps taken for FDI policy reforms including investment facilitation and ease of doing business have resulted in increased FDI inflows in the country, according to the commerce ministry.
In 2020, India received $64 billion in foreign direct investment, the fifth-largest recipient of FDI inflows in the world, according to a recent UN report published earlier in the week. The report stated that the second wave of COVID-19 in the country weighs heavily on the overall economic activity but its strong fundamentals provide optimism for the medium term.
The FDI inflow increased 27 per cent to $64 billion in 2020 from $51 billion in 2019, driven by acquisitions in the information and communication technology (ICT) industry, according to the World Investment Report 2021 by the UN Conference on Trade and Development (UNCTAD),
The global FDI flows have been severely hit by COVID-19 and plunged by 35 per cent in 2020 to $1 trillion from a high mark of $1.5 trillion the previous year.
In April 2021, Mauritius was the top investing country with 24 per cent of the FDI equity inflows, followed by Singapore at 21 per cent and Japan at 11 per cent, according to commerce ministry data released today.
The computer software and hardware emerged as the top sector during the month, with around 24 per cent share of the total FDI equity inflow followed by the services sector at 23 per cent and the education sector at eight per cent. Karnataka became the top recipient state during the month, with a 31 per cent share of the total FDI equity inflows, followed by Maharashtra with 19 per cent and Delhi with 15 per cent.AGENCIES