Financial Year 2021-22 records highest Foreign Direct Investment in India -

New Delhi: International investors have shown confidence in India despite the dramatic increase in instability and uncertainty due to Coronavirus Pandemic and geopolitical developments. Therefore, in the financial year 2021-22, India recorded a record investment of $83.57 billion. The Ministry of Commerce and Industry announced this. According to the Ministry of Commerce and Industry, foreign direct investment (FDI) in the country has increased by 20 times in the last 20 years.

Moreover, the initiatives taken by the government to facilitate businesses at the policy level are attaining great success. As a result, Foreign Direct Investment (FDI) inflow into the country has reached record levels. In the 2021-22 financial year, FDI inflows into the country reached close to $83.57 billion. In the fiscal year 2020-21, the investment was $81.97 billion. In the previous fiscal year 2019-20, the investment was $74.39 billion. In 2018-19, the figure was $62 billion, as reported by the Ministry of Commerce and Industry.

Besides, the Foreign Direct Investment (FDI) has grown by 23 per cent since the Coronavirus spread. In the 2021-22 financial year, FDI inflows into the country’s manufacturing sector increased by 76 per cent. The investment was $21.34 billion. In the previous fiscal, the investment was $12.9 billion. This indicates that the country’s manufacturing sector is developing rapidly. This will boost employment generation in the country and will be of great benefit to the economy. Singapore is the largest investor in India, accounting for 27 per cent of FDI.

The United States ranks second with 18 per cent of India’s investment. Morrison ranks third in India in terms of foreign direct investment, with 16 per cent investment. The most significant investments are in computer software and hardware. According to the Ministry of Commerce and Industry, the largest foreign direct investment (FDI) was in the services and automobile sectors.

Karnataka is one of the most attractive foreign direct investment states. Karnataka has received 38 per cent of this investment. Maharashtra ranks second with 26 per cent foreign direct investment in Maharashtra. Delhi ranks third in the list with 14 per cent foreign direct investment.