US$ 22.53 billion FDI inflow for April-June, 90% higher than same period last year
FDI equity inflow grew by 168% in the first three months of FY 2021-22
India has attracted total Foreign Direct Investment (FDI) inflow of US$ 22.53 billion during the first three months of 2021-22 (April to June 2021).
This is 90% higher as compared to the figure for the first three months of 2020-21 which was US$ 11.84 billion.
According to the Union Ministry of Commerce and Industry, FDI equity inflow grew by 168% in the first three months of F.Y. 2021-22 (US$ 17.57 billion) compared to the year ago period (US$ 6.56 billion).
The automobile industry has emerged as the top sector during the first three months of F.Y. 2021-22, with 27% share of the total FDI Equity inflow, followed by Computer Software & Hardware (17%) and Services Sector (11%) respectively.
A majority of the FDI Equity inflow in the automobile industry sector was reported in Karnataka, which accounted for 88%during the first three months of the current financial year (2021-22).
Official figures released by the commerce ministry on Saturday show Karnataka is the top recipient state during FY2021-22 (upto June, 2021) with 48% share of the total FDI Equity inflows.
It is followed by Maharashtra (23%) and Delhi (11%).
The government credited the increase in FDI inflows to measures taken by the Government on the fronts of FDI policy reforms, investment facilitation and ease of doing business.
The trends in India’s Foreign Direct Investment are an endorsement of its status as a preferred investment destination amongst global investors, the commerce ministry said.