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FDI Inflows Grow To 62% In First Four Months Of Current FY

"FDI equity inflow grew by 112 per cent in the first four months of F.Y. 2021-22 (US$ 20.42 billion) compared to the year-ago period (US$ 9.61 billion)," it said.

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The Foreign Direct Investment(FDI) inflows have grown to 62 per cent during the first four months of the current Financial Year (FY) over the corresponding period last year, the Ministry of Commerce and Industry, informed on Wednesday.  

The Ministry of Commerce and Industry said in a press release, "Measures were 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."

India has attracted a total FDI inflow of US$ 27.37 billion during the first four months of FY 2021-22 which is 62 per cent higher as compared to the corresponding period of FY 2020-21 (US$ 16.92 billion), as per the ministry. 

"FDI equity inflow grew by 112 per cent in the first four months of F.Y. 2021-22 (US$ 20.42 billion) compared to the year-ago period (US$ 9.61 billion)," it said. 

The Ministry said that the automobile industry has emerged as the top sector during the first four months of FY 2021-22 with a 23 per cent share of the total FDI Equity inflow followed by Computer Software and Hardware (18 per cent) and Services Sector (10 per cent), respectively.

Under the Automobile Industry, the majority of FDI Equity inflow (87 per cent) was reported in the state of Karnataka during the first four months of the current FY.  

Meanwhile, Karnataka is the top recipient state during the FY 2021-22 (up to July 2021) with a 45 per cent share of the total FDI equity inflows followed by Maharashtra (23 per cent) and Delhi (12 per cent), it said. 

(With PIB inputs)


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