Foreign direct investment inflows fell to $58.77 billion in 2021-22

Foreign direct investment inflows into equities in India contracted slightly in 2021-22

New Delhi:

Foreign direct investment (FDI) inflows into India contracted slightly by 1% to $58.77 billion in 2021-2022, according to official data.

FDI inflows in equities amounted to $59.63 billion in 2020-2021, according to data from the Department for the Promotion of Industry and Internal Trade (DPIIT).

However, total FDI in India increased by 2% to “highest ever” $83.57 billion in 2021-2022. Total FDI inflows include equity inflows, reinvested earnings and other capital.

In 2021-2022, Singapore was at the top with $15.87 billion in investments. It was followed by the United States ($10.55 billion), Mauritius ($9.4 billion), the Netherlands ($4.62 billion), the Cayman Islands ($3.81 billion). dollars) and the United Kingdom ($1.65 billion), according to the data.

The computer software and hardware sector attracted the highest inflows, $4.5 billion, in the past fiscal year. Next come services ($7.1 billion), the automotive industry ($7 billion), trade ($4.5 billion), construction activities (infrastructure) ($3.3 billion) and the pharmaceutical industry ($1.4 billion), according to the data.

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