Record high FDI inflow in financial year 2020-21

New Delhi, May 24 (Agency) India attracted the highest ever total Foreign Direct Investment inflow of USD 81.72 billion during fiscal year 2020-21, up 10 per cent from the previous financial year, the government said on Monday. The government attributed this to measures taken by it for FDI policy reforms, investment facilitation and ease of doing business.

The ministry of commerce and industry said in a statement that FDI equity inflow grew by 19 per cent in the financial year 2020-21 to reach USD 59.64 billion. Singapore was the top investor country accounting for 29 per cent of the total FDI, followed by the US with 23 per cent and Mauritius with 9 per cent for the financial year 2020-21. “Computer software and hardware has emerged as the top sector during the financial year 2020-21 with around 44 per cent share of the total FDI equity inflow, followed by construction (infrastructure) activities (13 percent) and services sector (8 percent) respectively,” the ministry said.

“Under the sector computer software and hardware, the major recipient states are Gujarat (78 per cent), Karnataka (9 per cent), and Delhi (5 per cent) in financial year 2020-21.” Gujarat was the top recipient state during financial year 2020-21 with 37 per cent share of the total FDI equity inflows, followed by Maharashtra with 27 per cent and Karnataka with 13 per cent, the ministry said.