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21/05/2022 05:14pm

Manufacturing sector FDI Equity inflow up by 76%

image Manufacturing sector FDI Equity inflow up by 76%

New Delhi, May 21 (KNN) The FDI Equity inflow in manufacturing sector has gone up by 76 per cent USD 21.34 billion in the fiscal year 2021-22 compared to previous USD 12.09 billion in FY21, as per government report. 

India has also recorded highest ever annual FDI inflow of USD 83.57 billion in the Financial Year 2021-22, said the Ministry of Commerce on Friday. 

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In 2014-2015, FDI inflow in India stood at mere 45.15 USD billion as compared to the highest ever annual FDI inflow of USD 83.57 billion reported during the financial year 2021-22 overtaking last year’s FDI by USD 1.60 billion despite military operation in Ukraine and COVID-19 pandemic. 

India’s FDI inflows have increased 20-fold since FY03-04, when the inflows were USD 4.3 billion only, said the statement.

FDI inflow has increased by 23 per cent post-Covid (March, 2020 to March 2022: USD 171.84 billion) in comparison to FDI inflow reported pre-Covid (February, 2018 to February, 2020: USD 141.10 billion) in India.

In terms of top investor countries of FDI Equity inflow, ‘Singapore’ is at the apex with 27 per cent followed by U.S.A (18 per cent) and Mauritius (16 per cent) for the FY 2021-22.  (KNN Bureau)

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