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.
Also Read :-Akasa Air: Check out pics of interior; passenger to get these facilities first time
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
Also Read :-‘Dangerous scam’ on WhatsApp: Do not make this mistake even by mistake, warns CID
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).
Read More :- Latest Business News
Click Here – Download The News 24 App
