FDI Inflows Grow 62 Per Cent To $27.37 Billion During First Four Months Of FY22US Dollar bills. (Unsplash/Sharon McCutcheon)

India's total FDI inflow during the first four months of FY22 has increased by 62 per cent on year-on-year basis, an official release said on Wednesday (22 September).

India attracted a total FDI inflow of $27.37 billion, against $16.92 billion during the corresponding period of FY21, the Commerce and Industry ministry said in a release.

"FDI equity inflow grew by 112 per cent in the first four months of FY 2021-22 ($20.42 billion) compared to the year ago period ($9.61 billion)," said the ministry.

According to the ministry, automobile industry has emerged as the top sector during the period under review with 23 per cent share of the total FDI Equity inflow followed by computer software and hardware (18 per cent), and services sector (10 per cent), respectively.

"Under the sector automobile industry, majority of FDI equity inflow was reported in the state of Karnataka during the first four months of the current financial year (2021-22)." the ministry said.

"Karnataka is the top recipient state during the FY 2021-22 (upto July, 2021) with 45 per cent share of the total FDI equity inflows followed by Maharashtra and Delhi," it added.

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