FDI equity inflows to India FY 2021, by leading investing country
In financial year 2021, Singapore had the highest FDI equity inflow to India, which was valued at over 129 billion Indian rupees, followed by the United States valued at nearly 102 billion Indian rupees. Singapore was the leading source of foreign direct investment into India for the past three consecutive financial years, accounting for roughly 30 percent of total FDI inflows in fiscal year 2020.
Most sought after FDI sectors
According to the Department of Promotion of Industry and Internal Trade, higher equity inflows could be attributed to the government’s efforts in improving ease of doing business along with relaxed FDI norms. In fiscal year 2020, the service sector received the highest FDI equity inflow which comprised of 17 percent of the total FDI equity inflows into the country. This was followed by the computer software and hardware sector , while the telecommunications and trading sector’s share ranked third and fourth respectively.
How does FDI contribute to economic development?
The total FDI equity inflow to India in fiscal year 2021 was roughly 60 billion U.S. dollars. FDI inflows play a significant role in contributing towards the development of the Indian economy. Higher FDI inflows are directly correlated with higher employment in the country. This improves productivity including the quality of processes and supply chains towards achieving global quality standards.
Most sought after FDI sectors
According to the Department of Promotion of Industry and Internal Trade, higher equity inflows could be attributed to the government’s efforts in improving ease of doing business along with relaxed FDI norms. In fiscal year 2020, the service sector received the highest FDI equity inflow which comprised of 17 percent of the total FDI equity inflows into the country. This was followed by the computer software and hardware sector , while the telecommunications and trading sector’s share ranked third and fourth respectively.
How does FDI contribute to economic development?
The total FDI equity inflow to India in fiscal year 2021 was roughly 60 billion U.S. dollars. FDI inflows play a significant role in contributing towards the development of the Indian economy. Higher FDI inflows are directly correlated with higher employment in the country. This improves productivity including the quality of processes and supply chains towards achieving global quality standards.
