FDI inflows rise whopping 62% yoy in first four months of FY22, auto sector top pick

The Ministry said that measures taken by the Government on the fronts of FDI policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country.

Sep 23, 2021 11:09 IST India Infoline News Service

The Ministry of Commerce & Industry has announced that foreign direct investment (FDI) inflows witnessed a whopping 62% year-on-year growth in the first four months of the current financial year FY22. The Ministry said that measures taken by the Government on the fronts of FDI policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country.

As per the ministry data, India has attracted a total FDI inflow of $27.37B during the first four months of FY2021-22 which is 62% higher as compared to the corresponding period of FY 2020-21 where it stood at $16.92B.

The ministry announced key highlights of the FDI inflows in the first four months of FY22. They are:

1. FDI equity inflow grew by 112% in the first four months of F.Y. 2021-22 ($20.42B) compared to the year-ago period ($9.61B).

2. ‘Automobile Industry’ has emerged as the top sector during the first four months of F.Y. 2021-22 with 23% share of the total FDI Equity inflow followed by Computer Software & Hardware (18%) and Services Sector (10%) respectively.

3. Under the sector `Automobile Industry’, the majority of FDI Equity inflow (87%) was reported in the state of Karnataka during the first four months of the current financial year (2021-22).

4. Karnataka is the top recipient state during the F.Y. 2021-22 (up to July 2021) with a 45% share of the total FDI equity inflows followed by Maharashtra (23%) and Delhi (12%).

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