Policies & measures introduced by the Government for the advancement of FDI have shown a positive result as there is an increase in the FDI inflows into the country. India has also emerged as one of the most preferred investment destinations due to the ease of doing business.
In the first four months of F.Y. 2021-22, the total FDI inflow was $ 27.37 billion which is 62% higher as compared to the FDI of F.Y. 2020-21 which was $ 16.92 billion. The FDI equity inflow also grew by 112% in the F.Y. 2021-22.
Automobile Industry emerged on the top with a 23% share in the total FDI equity inflow during the first four months of F.Y. 2021-22 followed by an 18% share of Computer Software & Hardware and a 10% share of Services Sector respectively. Karnataka proved to be the best-performing state in the Automobile sector with 87% of FDI equity inflow during the first four months of F.Y. 2021-22.
The state of Karnataka also emerged as the top recipient state during the F.Y. 2021-22 till July with a 45% share of the total FDI equity inflows. Maharashtra and Delhi ranked 2nd & 3rd with the total FDI equity inflows of 23% & 12% respectively.