The Ministry of Commerce released the data on the FDI (Foreign Direct Investment Inflow) in India for the Financial Year 2020-21.
Key Highlights from the Data:
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India has received an FDI of $81.97 billion during the financial year 2020-21. This is 10% higher than $74.39 billion received in 2019-20.
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Singapore Largest Source of FDI: Singapore remained the largest source of FDI in India for the third consecutive year with a share of 29%. It was followed by the US with a 23% share and Mauritius with 9%.
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Saudi Arabia is the top investor in terms of percentage increase during FY21. It invested $2.8 billion in comparison to US$ 89.93 million reported in 2019-20.
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Gujarat was the top recipient of FDI among states with a 37% share of total FDI equity inflows. It was followed by Maharashtra and Karnataka with 27% and 13%.
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Computer software and hardware emerged as the top sector in FY21 with around 44% of the total FDI equity inflow. It was followed by construction and infrastructure-related activities at 13% and services sector with 8%.