NEW DELHI, Sept 23 (NNN-PTI) – The Indian government said yesterday that, the country’s foreign direct investment (FDI) inflows increased 62 percent year-on-year, during the first four months of current fiscal year, starting from Apr.
According to the ministry of commerce and industry, the country attracted an FDI inflow of 27.37 billion U.S. dollars, during the first four months of this fiscal year.
“India attracted total FDI inflow of 27.37 billion U.S. dollars during the first four months of financial year 2021-22, which is 62 percent higher as compared to corresponding period of financial year 2020-21 (16.92 billion U.S. dollars),” a statement issued by the ministry of commerce and industry said.
“FDI equity inflow grew by 112 percent in the first four months of fiscal year 2021-22 (20.42 billion U.S. dollars), compared to a year ago (9.61 billion U.S. dollars).”
The ministry said, the automobile industry attracted the largest share of 23 percent of the total FDI equity inflow, followed by computer software & hardware (18 percent) and services sector (10 percent), respectively.
The government said, the measures taken on the fronts of FDI policy reforms, investment facilitation and ease of doing business, resulted in increased FDI inflows into the country.– NNN-PTI