INSUBCONTINENT EXCLUSIVE:
FDI equity inflow grew by 112% in the first four months of FY22.New Delhi: The government on Wednesday said that investment facilitation and
ease of doing business taken on account of FDI policy reforms have resulted in increased inflows during the first four month of this
financial year (April to July FY 2021-22)
"India has attracted total FDI inflow of $27.37 billion during first four months of FY22 which is 62% higher as compared to corresponding
period of FY 2020-21 at $16.92 billion," the Ministry of Commerce - Industry stated in a notification.The current Foreign Direct Investment
The equity inflow increased by 112% in the first four months of FY22 to $20.42 billion compared to the year ago period ($9.61 billion), the
ministry stated.Total FDI comprises equity inflows, reinvested earnings and other capital.It also highlighted that the automobile industry
emerged as the top sector during the first four months of FY22 with 23% share of the total FDI equity inflow followed by computer software -
hardware (18%) and services sector (10%) respectively.Under the auto sector, majority of FDI Equity inflow (87%) was reported in Karnataka
during the first four months of FY22.Karnataka is the top recipient during the FY22 (up to July, 2021) with 45% share of the total FDI
equity inflows followed by Maharashtra (23%) and Delhi (12%).
