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FDI inflows up 62% during first four months of FY22
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SME Times News Bureau | 22 Sep, 2021
India's total FDI inflow during the first four months of FY22 has risen
by 62 per cent on year-on-year basis, an official statement said on
Wednesday.
India attracted a total FDI inflow of $27.37 billion, against $16.92 billion during the corresponding period of FY21.
"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 Commerce & Industry Ministry statement.
According
to the ministry, automobile industry has emerged as the top sector
during the period under review to attract the largest total FDI Eeuity
inflows followed by computer software and hardware, and services sector,
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)."
"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."
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| Currency |
Import |
Export |
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