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India registered highest-ever FDI inflow of $81.97 billion in fiscal 2020-21: Government

India records highest ever FDI inflow of $81.97 billion in 2020-21

The country registers the highest ever FDI inflow of USD 81.97 billion In 2020-21

According to the Ministry of Trade and Industry, the country registered its highest-ever annual foreign direct investment (FDI) inflow of $81.97 billion (approximate figure) in the fiscal year main 2020-21, according to the Ministry of Trade and Industry. FDI inflows in the past seven fiscal years (2014-21) reached US$440.27 billion, accounting for nearly 58% of total FDI inflows in the past 21 financial years (2000-2021: US$763.83 billion).

The computer hardware and software sector attracted the largest share of FDI inflows with 19%, followed by the service sector with 15%. According to Commerce Department data, the trade sector saw FDI inflows of 8%, while the Telecommunications & Construction (Infrastructure) sector attracted FDI inflows of 7%, during the same period. over the past seven years, according to Commerce Department data.

The top five countries that received foreign direct investment inflows during April 2014 and August 2021 were Singapore (28%), Mauritius (22%), US (10%), Netherlands (8). %) and Japan (6 percent).

The government has taken steps to promote domestic and foreign investment in India, according to the ministry statement. Some of these steps include reducing corporate tax rates, easing liquidity problems for NBFCs and banks, improving Ease of Doing Business, reforming FDI policies, reducing compliance burdens, key measures policies to promote domestic production through public procurement orders, etc.

To facilitate investments, measures such as Industrial Land Bank of India (IILB), Industrial Park Rating System (IPRS), soft launch of National Single Window System (NSWS), Road National Infrastructure Pipeline (NIP), National Monetization Pipeline (NMP), among others, are already in place.

https://www.ndtv.com/business/fdi-inflow-data-india-registered-its-highest-ever-fdi-inflow-of-81-97-billion-in-fiscal-2020-21-government-2655686 India registered highest-ever FDI inflow of $81.97 billion in fiscal 2020-21: Government

Emma James

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