FDI equity inflows up 168% to $17.57 billion in April-June
Karnataka is the top recipient state during April-June 2021, with a 48% share of the total FDI equity inflows
During the April-June period this fiscal, the Foreign Direct Investment (FDI) into the country had risen by more than twofold to $17.57 billion, PTI reported on Saturday. With this the total FDI in the country rose to $22.53 billion during the first three months of 2021-22 as compared to $11.84 billion in the same period last year. Total FDI comprises equity inflows, reinvested earnings and other capital.
The commerce and industry ministry said that measures taken by the government on the FDI policy reforms front, ease of doing business and investment facilitation have resulted in increased foreign inflows into the country.
Top sectors and states to get maximum FDIs
With 27% share of the total FDI equity inflows, automobile has emerged as the top sector during the period under review. This was followed by computer software and hardware(17%) and services sector (11%).
Also, Karnataka is the top recipient state during April-June 2021, with 48% share of the total FDI equity inflows. It was followed by Maharashtra (23%) and Delhi (11% ).