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India’s FDI inflow record 81.72 billion dollars in 2020-21 fiscal

US currency. Stock Photo: US Customs and Border Protection

New Delhi, May 24 (MNN) India has attracted a record FDI inflow of 81.72 billion dollars during the 2020-21 fiscal, which is nearly 10 per cent higher compared with 2019-20 fiscal’s 74.39 billion dollars.
FDI equity inflow grew by 19 per cent in the FY 2020-21 (59.64 billion dollars) compared with FY 2019-20 (49.98 billion dollars).

In terms of top investor countries, Singapore leads with 29 per cent, followed by the US (23 per cent) and Mauritius (9 per cent) for the 2020-21 fiscal.

‘Computer Software and Hardware’ emerged as the top sector during FY 2020-21 with around 44 per cent share of the total FDI equity inflow followed by Construction (Infrastructure) activities (13 per cent) and Services sector (8 per cent).

Under ‘Computer Software and Hardware’, major recipients are Gujarat (78 per cent), Karnataka (9 per cent) and Delhi (5 per cent) in FY 2020-21.

Gujarat is the top recipient state during the FY 2020-21 with 37 per cent share of the total FDI equity inflows followed by Maharashtra (27 per cent) and Karnataka (13 per cent).

Majority of the equity inflow of Gujarat has been reported in the sectors ‘Computer Software and Hardware’ (94 per cent) and
‘Construction activities’ (2 per cent) during the FY 2020-21.

Major sectors, namely Construction/Infrastructure, Computer Software and Hardware, Rubber Goods, Retail Trading, Drugs and Pharmaceuticals and Electrical Equipment recorded more than 100 per cent jump in equity during the FY 2020-21 compared with the previous year.

Out of the top 10 countries, Saudi Arabia was leading investor in terms of percentage increase during FY 2020-21. It invested 2816.08 million dollars in comparison with 89.93 million dollars reported in the previous financial year.

In all, 227 per cent and 44 per cent increase was recorded in FDI equity inflow from the US and the UK respectively during FY 2020-21 compared with FY 2019-20.

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