India attracted total foreign direct investment (FDI) inflow of US$72.12 billion in April-January, 2021, the highest ever for the first ten months of a financial year, the government said Monday.
The FDI inflows, which include equity, reinvested earnings and other capital, were 15% higher as compared to the first ten months of FY20 which were $62.72 billion.
The computer software and hardware emerged as the top sector during the first ten months of the fiscal with 45.81% of the total FDI Equity inflow, followed by Construction (Infrastructure) Activities at 13.37% and services sector at 7.8%, respectively.
FDI equity inflow rose 28% on-year in the first ten months of FY21 at $54.18 billion, with highest investment coming from Singapore followed by the US and UAE.
“Japan has been leading the list of investor countries to invest in India with 29.09% of the total FDI Equity inflows during January, 2021, followed by Singapore (25.46%) and the USA (12.06%),” the commerce and industry ministry said in a statement.
“These trends in India’s FDI are an endorsement of its status as a preferred investment destination amongst global investors,” the ministry said.
