Sectors which attracted maximum foreign inflows during 2019-20 include services ($7.85 billion), computer software and hardware ($7.67 billion), telecommunications ($4.44 billion), trading ($4.57 billion), automobile ($2.82 billion), construction ($2 billion), and chemicals ($one billion), the the Department for Promotion of Industry and Internal Trade (DPIIT) data showed.
AgenciesSingapore emerged as the largest source of FDI in India during the last fiscal with $14.67 billion investments.
NEW DELHI: Foreign direct investment into India rose 13% to a record $49.97 billion in FY20 from $44.36 billion a year earlier, official data released on Thursday showed. FDI inflows were $13.2 billion in the quarter ended March. Singapore remained the top source of FDI, accounting for $14.67 billion, followed by Mauritius at $8.24 billion, according to the data released by the Department for Promotion of Industry and Internal Trade. India’s FDI inflows had dipped 1% in FY19. Services, computer software and hardware, trading, telecommunications, and hotel & tourism were the top five sectors for FDI.
Services garnered FDI worth $7.85 billion while investments in computer software and hardware were $7.67 billion, and in trading were $4.57 billion. Telecommunications drew FDI worth $4.44 billion in FY20, and hotel & tourism attracted $2.93 billion of foreign inflows.
January saw the highest inflow of $5.57 billion and February the least at $3.36 billion.
Among states, Maharashtra garnered the highest share of FDI at 30% with investments clocking $7.26 billion. Karnataka and Delhi followed with 18% and 17% share, respectively.
While FDI through FIPB route/RBI’s Automatic Route/Acquisition Route rose 13% on year, total FDI that also includes equity capital of unincorporated bodies, reinvested earnings and other capital was up 18% on year to $73.45 billion, more than double from $36.04 billion in 2013-14.
Agencies
