Saturday, October 16, 2021

India attracts FDI inflow of 27.37 billion dollar during first four months of this financial year

India has attracted Foreign Direct Investment, FDI inflow of 27.37 billion dollar during first four months of this financial year which is 62 per cent higher as compared to corresponding period last financial year. Commerce and Industry Ministry said, the 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. The Ministry said, FDI equity inflow also grew by 112 per cent in the first four months of this financial year compared to same period last year.

Automobile Industry’ has emerged as the top sector with 23 per cent share of the total FDI Equity inflow followed by Computer Software and Hardware with 18 per cent and Services Sector 10 per cent.

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