Government’s data has showed that India has received total foreign direct investment (FDI) of $60.3 billion during April to December period of 2021-22 which is 10.6 per cent lower compared to the $67.5 billion of FDI received in the same period of 2020-21. It showed that equity inflow through FDI during April to December period of 2021-22 is $43.1 billion which is 16 per cent lesser than the $51.4 billion received in same period of 2020-21, even as the government continued to put in place an enabling and investor-friendly FDI policy and remove policy bottlenecks that have been hindering the investment inflows into the country.
It stated Manufacturing, computer services, communication services, retail and wholesale trade and education, research and development are the sectors that attracted most of the investment with computer software and hardware leading with the highest FDI equity inflows of $10.25 billion. Telecommunications received $0.58 billion, services sector retained the lead in FDI inflows with $5.34 billion, followed by trading with $2.98 billionand automobile industry with $5.96 billion.
Foreign Direct Investment in construction (infrastructure) activities was to the tune of $1.58 billion while in the sector of construction development, townships, housing, built-up infrastructure and construction-development projects, FDI inflows were $0.09 billion. Drugs & pharmaceuticals saw $1.20 billion FDI, chemicals (other than fertilizers), $0.6 billion and hotel and tourism $0.64 billion of FDI.
