Getty ImagesSingapore was the top source of foreign direct investment (FDI) into India in the first nine months of FY21 at $15.7 billion, followed by the US at $12.82 billion with Mauritius at the third position at $3.47 billion.
The government on Thursday said that FDI equity inflows rose 40% year-on-year in the April-December of FY21 at $51.47 billion compared to $36.77 billion in the year ago period.
Officials said Gujarat garnered the highest share of FDI in the period at $21.23 billion followed by Maharashtra at $13.63 billion.
In the October 2019-December 2020 period, FDI in Gujarat was $23.8 billion and in Maharashtra, $20.89 billion.
“With ties with China warming up a bit on the border front, and strategic investment proposals being cleared, one will see these numbers only grow,” said an expert on investment issues.
India’s high foreign inflows come at a time when the global FDI collapsed in 2020, falling 42% to an estimated $859 billion from $1.5 trillion in 2019, according to UNCTAD. Such a low level was last seen in the 1990s and is more than 30% below the investment trough that followed the 2008-2009 global financial crisis, the intergovernmental body said earlier this year.
Computer software and hardware was the biggest gainer and garnered FDI worth $24.38 billion in the April-December period of FY21. Construction witnessed the second largest FDI inflows at $7.14 billion. Services sector that includes banking, financial and insurance, drew $3.85 billion of FDI during the period.
FDI equity inflows were $21.46 billion in the quarter ended December 31, 2020 with October receiving the lowest inflows at $5.33 billion in the quarter. FDI in November and December 2020 was $8.51 billion and $7.62 billion, respectively.
The government on Thursday said that FDI equity inflows rose 40% year-on-year in the April-December of FY21 at $51.47 billion compared to $36.77 billion in the year ago period.
Officials said Gujarat garnered the highest share of FDI in the period at $21.23 billion followed by Maharashtra at $13.63 billion.
In the October 2019-December 2020 period, FDI in Gujarat was $23.8 billion and in Maharashtra, $20.89 billion.
“With ties with China warming up a bit on the border front, and strategic investment proposals being cleared, one will see these numbers only grow,” said an expert on investment issues.
India’s high foreign inflows come at a time when the global FDI collapsed in 2020, falling 42% to an estimated $859 billion from $1.5 trillion in 2019, according to UNCTAD. Such a low level was last seen in the 1990s and is more than 30% below the investment trough that followed the 2008-2009 global financial crisis, the intergovernmental body said earlier this year.
Computer software and hardware was the biggest gainer and garnered FDI worth $24.38 billion in the April-December period of FY21. Construction witnessed the second largest FDI inflows at $7.14 billion. Services sector that includes banking, financial and insurance, drew $3.85 billion of FDI during the period.
FDI equity inflows were $21.46 billion in the quarter ended December 31, 2020 with October receiving the lowest inflows at $5.33 billion in the quarter. FDI in November and December 2020 was $8.51 billion and $7.62 billion, respectively.
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2 Comments on this Story
 | Pratyay Bhaumik17 minutes ago Sorry,it appears the pila dhan (yellow money ) of china which had outsmarted the American interest clandestinely. After having workable control on indian financial market,chaina has started to disengage from border clashes. To achieve consolidation ,china knows how to play the role of a good Neighbor at least for some duration. |
| Amit Sharma57 minutes ago BJP ka KAALA DHAN routed to indian Stock Market thru Mauritius based funds which are given TAX FRER status in india.. CORRUPTION to the core.. |