Despite Covid Blues, India Attracts $6.2 Billion FDI In April 2021, Karnataka Accounts For 31 Per Cent

Despite Covid Blues, India Attracts $6.2 Billion FDI In April 2021, Karnataka Accounts For 31 Per CentA Representative Image

India has attracted a total FDI inflow of $ 6.24 billion during April 2021, and it is 38 per cent higher than April 2020s $4.53 billion.

During April 2021, FDI Equity inflows amounting to $ 4.44 billion were reported in the country, which is an increase of 60 per cent over the FDI Equity inflow of April 2020 (US$ 2.77 billion).

Mauritius is the top investing country with 24 per cent of the FDI Equity inflows during this period, followed by Singapore (21 per cent) and Japan (11 per cent).

'Computer Software and Hardware' has emerged as the top sector during April 2021 with around 24 per cent share of the total FDI Equity inflow followed by Services Sector (23 per cent) and Education Sector (8 per cent) respectively.

Karnataka is the top recipient state with a 31 per cent share of the total FDI equity inflows, followed by Maharashtra (19 per cent) and Delhi (15 per cent).

"Measures taken by the Government on the fronts of Foreign Direct Investment (FDI) policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country. These trends in India's Foreign Direct Investment are an endorsement of its status as a preferred investment destination amongst global investors," the Ministry of Commerce and Industry said.

As per the UN Conference on Trade and Development (UNCTAD) 's World Investment Report 2021, India received $64 billion in foreign direct investment (FDI) in 2020, making it the fifth-largest recipient of inflows in the world.

India saw its FDI inflows surged by 27 per cent to $64 billion in 2020 from $51 billion in 2019.