India has attracted a total foreign direct investment (FDI) inflow of $6.24 billion in April 2021, which is 38% higher compared to the total inflow of $4.53 billion in the corresponding month last year. In April, the total FDI equity inflows amounting to $4.44 billion were reported in the country, which is 60% higher compared to $ 2.77 billion reported in the same month last year, government data showed on Wednesday, June 23.

As data suggests the global FDI flows have been severely hit by COVID-19 and plunged by 35% in 2020 to $1 trillion from a high mark of $1.5 trillion the previous year.

As per Commerce Ministry Measures taken by the Government on the fronts of Foreign Direct Investment (FDI) policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country. The following trends in India’s Foreign Direct Investment are an endorsement of its status as a preferred investment destination amongst global investors.

As per the Government data during April 2021, Mauritius is the top investing country with 24% of the FDI Equity inflows, followed by Singapore (21%) and Japan (11%).

Data shows that ‘Computer Software & Hardware’ has emerged as the top sector during April 2021 with around 24%share of the total FDI Equity inflow followed by Services Sector (23%) and Education Sector (8%) respectively.

Karnataka State is the top recipient state during April 2021 with a 31% share of the total FDI equity inflows, followed by Maharashtra (19%) and Delhi (15%)

Source: TREND News Agency