FDIs in India rise 19% to $59.64 billion in FY21: Govt data
The Ministry of Commerce and Industry told the media foreign direct investments (FDI) has surged by 19% to $59.64 billion during 2020-21.
During 2020-21, total FDI rose 10% to the highest ever at $81.72 billion, including equity, reinvested earnings, and capital as against $74.39 billion in 2019-20.
The ministry said that FDI equity inflow rose by 19% or $59.64 billion in 2020-21 as compared to $49.98 billion in 2019-20.
Singapore is at the top with 29% share in terms of top investors countries, followed by the US with 23% share and Mauritius with 9% during the last financial year.
The ministry said that FDI inflows have increased due to the steps taken by the government on FDI policy reforms, investment facilitation, and ease of doing business.
Further, they added that the inflows are an endorsement of India's status being a favoured investment destination amid global investors.
The highest inflows are attracted by the computer software and hardware sector, which is around 44% share of the total FDI equity inflows. It was accompanied by infrastructure activities which are around 13%, and the service sector 8% each.
During 2020-21, Gujarat is the topmost recipient state with a 37% share of the total FDI equity inflows, accompanied by Maharashtra with 27% and Karnataka with 13% each.