New Delhi: India has recorded the “highest ever” annual FDI (foreign direct investment) inflow of $83.57 billion in 2021-22, the commerce and industry ministry said on Friday.In 2020-21, the inflow stood at $81.97 billion.”India is rapidly emerging as a preferred country for foreign investments in the manufacturing sector,” the ministry said.
“India has recorded highest ever annual FDI inflow of Y83.57 billion in the Financial Year 2021-22,” it noted. FDI equity inflow in manufacturing sectors has increased by 76 per cent in 2021-22 ($21.34 billion) compared to 2020-21 ($12.09 billion).
In terms of top investor countries, Singapore is at the top with 27 per cent, followed by the US (18 per cent) and Mauritius (16 per cent) during the last fiscal. Among sectors, computer software and hardware attracted maximum inflows. The services sector and automobile industry followed it, the ministry said.
To further liberalise and simplify FDI policy to provide ease of doing business and attract investments, reforms have been undertaken recently across sectors like coal mining, contract manufacturing, digital media, single-brand retail trading, civil aviation, defence, insurance and telecom.