From April to January 2021, India has attracted a total of US$72.12 billion in Foreign Direct Investment.
Increase in Foreign Direct Investment inflows
07 April 2021 Current Affairs:The government estimates that Foreign Direct Investment (FDI) inflows into the country has increased.
♦ From April to January 2021, India has attracted a total of US$72.12 billion in Foreign Direct Investment.
♦ This is the highest level for the first ten months of a financial year, 15% higher than the first ten months of 2019-20 ($62.72 billion).
♦ The trend shows that in the first ten months of FY 2020-21 (US$54.18 billion), FDI equity inflows increased by 28%, compared with the same period last year (US$42.34 billion).
♦ In terms of the largest investor country, Singapore accounts for 30.28% of total FDI equity inflows, followed by the United States (24.28%) and the UAE (7.31%) in the first ten months of 2020-21 in the current financial year.
♦ In January 2021, Japan has been one of the largest investors in Foreign Direct Investment, accounting for 29.09% of India’s total direct investment inflows, followed by Singapore (25.46%) and the United States (12.06%).
♦ In this regard, in the first ten months of the 2020-21 financial year, the most important sector is computer software and hardware, followed by construction (infrastructure) activities and services sector.