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Surpassing previous year's level, foreign direct investment (FDI) inflow into the country touched $ 83.57 billion in the financial year 2021-22, according to official data released on Friday. In 2020-21, the FDI inflow had stood at $ 81.97 billion.
“To promote Foreign Direct Investment (FDI), the Government has put in place an investor-friendly policy, wherein most sectors are open for 100% FDI under the automatic route," the Ministry of Commerce & Industry said in a statement.
The report notified developed economies have shown the biggest projection in vast, with FDI touching an evaluated $777 billion in 2021.
Overall FDI inflow went to USD 22.53 billion over the due course of the first three months of FY22 compared to USD 11.84 billion in the same period of the last year, it added.
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