Singapore, USA, Mauritius, Netherlands and Switzerland have emerged as top five countries for Foreign Direct Investment (FDI) equity inflows into India in the financial year 2021-22, an official release said on Thursday (28 July).

Around 27.01 per cent of the FDI equity inflows in India were from Singapore, followed by USA (17.94 per cent), Mauritius (15.98 per cent), Netherlands (7.86 per cent) and Switzerland (7.31 per cent).

FDI Equity inflow in manufacturing sectors have increased by 76 per cent in FY2021-22 to $21.34 billion compared to previous FY2020-21 ($12.09 billion), said a Commerce Ministry release.

Top five sectors receiving highest FDI Equity Inflow during FY2021-22 are Computer Software and Hardware (24.60 per cent), Services Sector (Fin., Banking, Insurance, Non Fin/Business, Outsourcing, R&D, Courier, Tech. Testing and Analysis, Other) (12.13 per cent), Automobile Industry (11.89 per cent), Trading (7.72 per cent) and Construction (Infrastructure) Activities (5.52 per cent).

Top five states receiving highest FDI Equity Inflow during FY2021-22 are Karnataka (37.55 per cent), Maharashtra (26.26 per cent), Delhi (13.93 per cent), Tamil Nadu (5.10 per cent) and Haryana (4.76 per cent), the ministry said.

During FY2021-22, FDI has been reported from 101 countries, whereas, it was reported from 97 countries during previous FY 2020-21, it added.

According to the ministry, the Government has implemented several reforms under the FDI policy regime across sectors such as insurance, defence, telecom, financial services, pharmaceuticals, retail trading, e-commerce, construction and development, civil aviation, and manufacturing etc.

Despite the ongoing pandemic and global developments, India received the highest annual FDI inflows of $84,835 million in FY21-22 overtaking last year’s FDI by $2.87 billion. Earlier, FDI inflows increased from $74,391 million in FY19-20 to $81,973 million in FY 20-21, the ministry said.