New Delhi, Aug 29 (Bureau) The total Foreign Direct Investment (FDI) inflows rose 90 per cent to US$ 22.53 billion during April-June period of FY22 as compared to US$ 11.84 billion in first three months of 2020-21. Robust FDI into the country has continued despite Covid-19 pandemic hitting the economy hard. According to the data released by Ministry of Commerce & Industry, FDI equity inflow grew by 168 per cent to US$ 17.57 billion in the first three months of FY22, compared to US$ 6.56 billion in the same period a year ago.
Automobile industry has emerged as the top sector accounting for 27 per cent share of the total FDI equity inflow. This was followed by computer software & hardware (17 per cent) and services sector (11 per cent) respectively. Under the sector `Automobile Industry’, majority of FDI Equity inflow (88%) was reported in the state of Karnataka during the first three months of the current financial year (2021-22). Karnataka is the top recipient state during the FY 22 (upto June, 2021) with 48% share of the total FDI equity inflows followed by Maharashtra (23%) and Delhi (11%).