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India has recorded the “highest ever” annual FDI (overseas direct funding) influx of USD 83.57 billion in 2021-22, the commerce and trade ministry mentioned on Friday. In 2020-21, the influx stood at USD 81.97 billion, it added.
“India is quickly rising as a most well-liked nation for overseas investments within the manufacturing sector,” the ministry mentioned.
“India has recorded highest ever annual FDI influx of USD 83.57 billion within the Monetary Yr 2021-22,” it famous.
FDI fairness influx in manufacturing sectors has elevated by 76 per cent in 2021-22 (USD 21.34 billion) in comparison with 2020-21 (USD 12.09 billion).
When it comes to prime investor international locations, Singapore is on the prime with 27 per cent adopted by the US (18 per cent) and Mauritius (16 per cent) over the last fiscal.
Amongst sectors, laptop software program and {hardware} attracted most inflows. It was adopted by the providers sector and vehicle trade, the ministry mentioned.
To additional liberalise and simplify FDI coverage for offering ease of doing enterprise and appeal to investments, reforms have been undertaken lately throughout sectors, comparable to coal mining, contract manufacturing, digital media, single-brand retail buying and selling, civil aviation, defence, insurance coverage and telecom.
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