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The ministry said that India’s FDI inflows have increased 20-fold since FY03-04 when the inflows were USD 4.3 billion only
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India has recorded the highest ever annual FDI inflow of USD 83.57 billion in the financial year (FY) 2021-22, according to a statement from the Ministry of Commerce and Industry on Friday.
In 2014-2015, FDI inflow in India stood at a mere USD 45.15 billion as compared to USD 83.57 billion during the FY 2021-22 overtaking last year’s USD 1.60 billion amid the Ukraine crisis and COVID-19 pandemic.
The ministry said that India’s FDI inflows have increased 20-fold since FY03-04 when the inflows were USD 4.3 billion only.
FDI Equity inflow in manufacturing sectors has increased by 76 per cent in FY 2021-22 (USD 21.34 billion) compared to the previous FY 2020-21 (USD 12.09 billion).
Also, FDI inflow has increased by 23 per cent post-Covid (March 2020 to March 2022: USD 171.84 billion) in comparison to the FDI inflow reported pre-Covid (February 2018 to February 2020: USD 141.10 billion) in India.
Under the sector of computer software and hardware, the major recipient states of FDI equity inflow are Karnataka (53 per cent), Delhi (17 per cent) and Maharashtra (17 per cent) during FY 2021-22.