FDI in FY22: The Indian manufacturing sector has received foreign investment of US $ 21 billion in the financial year 2022. The commerce ministry on Thursday said the manufacturing sector has received foreign direct investment of USD 21.34 billion in 2021-22, registering a year-on-year growth of 76 per cent.
The ministry said that the government has implemented several reforms under the FDI (Foreign Direct Investment) policy regime in sectors such as insurance, defence, telecom, financial services, pharmaceuticals, retail trade and e-commerce.
The two largest countries to invest in India during 2021-22
Singapore (27.01 per cent) and the US (17.94 per cent) have emerged as the top two investors in India during 2021-22. It was followed by Mauritius (15.98 percent), Netherlands (7.86 percent) and Switzerland (7.31 percent). FDI equity inflows to manufacturing sectors increased by 76 per cent in FY 2021-22 ($21.34 billion) as compared to the previous FY 2020-21 (US$ 12.09 billion).
FY-22 best for India for foreign investment
The ministry said that despite the ongoing pandemic and global growth, India received the ‘highest’ annual FDI of US$ 84.83 billion in 2021-22. The top five states receiving the highest FDI in 2021-22 are Karnataka (37.55 per cent), Maharashtra (26.26 per cent), Delhi (13.93 per cent), Tamil Nadu (5.10 per cent) and Haryana (4.76 per cent).
The post FDI in FY22: India leads world in FDI, manufacturing sector on top appeared first on News24-English.
, International, ,