The Department for Promotion of Industry and Internal Trade (DPIIT) in its latest data has indicated that foreign direct investment (FDI) equity inflows into India increased by 21 percent to $35.33 billion during April-October period of FY21. In the year-ago period, FDI equity inflows stood at $29.31 billion.
According to the data, during the first seven months of the current fiscal, total FDI (including re-invested earnings) increased 11 per cent to $46.82 billion from $42.06 billion in April-October 2019. Sectors which attracted maximum foreign inflows included computer software and hardware, services, trading, chemicals and automobile. The country attracts maximum funds from Singapore, the US, Mauritius, the Netherlands, the UK, France and Japan.
In the last one year, the government has eased FDI policy in several sectors including insurance intermediaries and defence. 26 FDI applications marked to DPIIT have been disposed of in 2020.
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