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India attracts over $72 bn FDI in April-Jan FY21
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SME Times News Bureau | 05 Apr, 2021
India has attracted record total FDI inflow for the first ten months of a financial year in 2020-21.
Accordingly,
the inflow rose to $72.12 billion during April to January, 2021, 15 per
cent higher as compared to the first ten months of 2019-20, when it
stood at $62.72 billion.
"The trends show that the FDI equity
inflow grew by 28 per cent in the first ten months of F.Y. 2020-21
($54.18 billion) compared to the year ago period ($42.34 billion)," the
Ministry of Commerce and Industry said.
"In terms of top investor
countries, 'Singapore' is at the apex with 30.28 per cent of the total
FDI equity inflow followed by USA (24.28 per cent) and UAE (7.31 per
cent) for the first ten months of the current financial year 2020-21."
According
to the ministry, Japan has been leading the list of investor countries
to invest in India with 29.09 per cent of the total FDI equity inflows
during January, 2021, followed by Singapore at 25.46 per cent and the US
12.06 per cent.
"The 'Computer Software & Hardware' has
emerged as the top sector during the first ten months of F.Y. 2020-21
with 45.81 per cent of the total FDI equity inflow followed by
'Construction (Infrastructure) Activities' (13.37 per cent) and
'Services Sector' (7.80 per cent) respectively."
As per the
trends, the consultancy services emerged as the top sector with to
rceive 21.80 per cent of the total FDI equity inflow in January followed
by 'Computer Software & Hardware' (15.96 per cent) and 'Service
Sector' (13.64 per cent).
"These trends in India's Foreign Direct
Investment are an endorsement of its status as a preferred investment
destination amongst global investors."
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
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64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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