The data released by the government has indicated that India has received foreign direct investment (FDI) inflow of $54.10 billion in April-November period of the current financial year (FY22) . FDI equity inflows during April-November of FY22 was $39.26 billion. It was $43.85 billion during April-November 2020.
According to the data, sectors that attracted maximum inflows during the period include computer software and hardware ($9 billion), automobile ($5.84 billion), services ($4.95 billion), education ($2.8 billion), trading ($2.79 billion), construction (infrastructure) activities ($1.48 billion), metallurgical industries ($1.35 billion), and defence industries ($2.19 million).
Minister of State for Commerce and Industry Som Parkash has said that the government has put in place a liberal and transparent policy for FDI, wherein most of the sectors are open under the automatic route. To further liberalise and simplify FDI policy for providing the ease of doing business and attract investments, he said reforms have been undertaken recently across sectors such as coal mining, contract manufacturing, digital media, single-brand retail trading, civil aviation, defence, insurance and telecom.
