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India attracted complete international direct investments (FDI) inflow of $83.57 billion in the monetary 12 months 2021-22, up by 1.95 per cent on-year, in line with information launched by the Department for Promotion of Industry and Internal Trade (DPIIT) on Friday.
Total FDI contains fairness capital of unincorporated our bodies, reinvest earnings and different capital.
During your complete 2020-21 monetary 12 months, the overall FDI inflow was $81.72 billion, regardless of the disruption brought on by the outbreak of the pandemic final 12 months.
“India is rapidly emerging as a preferred country for foreign investments in the manufacturing sector. FDI equity inflow in manufacturing sectors has increased by 76 per cent in FY2021-22 ($21.34 billion) compared to previous FY2020-21 ($12.09 billion). The following trends in India’s foreign direct investment inflow are an endorsement of its status as a preferred investment destination amongst global investors,” an official assertion mentioned.
DPIIT didn’t launch the FDI fairness inflow information for FY22.
According to the info shared by the federal government, Singapore is the highest investing nation with 27 per cent of the fairness inflows. This is adopted by the US with inflows at 21 per cent and Mauritius that continued to stay one of many high sources of FDI for India at 16 per cent inflows in FY22.
As far as states are involved, Karnataka is the highest recipient state for one more 12 months with 38 per cent share of the overall FDI fairness inflows, adopted by Maharashtra at 26 per cent and Delhi at 14 per cent.
Majority of fairness inflow of Karnataka has been reported in the sectors — pc software program and {hardware}, with a share of 35 per cent of the overall FDI fairness inflow. For the auto trade it was 20 per cent and 12 per cent in case of schooling throughout FY22.
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