New Delhi
India has received the “highest ever” total foreign direct investments (FDI) of USD 83.57 billion in 2021-22 on account of various measures like policy reforms and ease of doing business taken by the government, the commerce and industry ministry said on Friday.
Total FDI comprises equity inflows, reinvested earnings and other capital. In 2020-21, the inflow stood at USD 81.97 billion. It was USD 74.39 billion in 2019-20 and USD 62 billion in 2018-19.
“India has recorded the highest ever annual FDI inflow of USD 83.57 billion in 2021-22,” the ministry noted in a statement. It said that the foreign inflows are increasing despite challenges like a military operation in Ukraine and COVID-19 pandemic.
These inflows have increased 20-fold since 2003-04, when the inflows were USD 4.3 billion only, it added.
The ministry also informed that FDI equity inflow in manufacturing sectors has increased by 76 per cent in 2021-22 (USD 21.34 billion) compared to 2020-21 (USD 12.09 billion).
The ministry, however, did not disclose FDI equity or fresh foreign inflows in the country during 2021-22.
The ministry said that in terms of top investor countries, Singapore is at the top with a 27 per cent share, followed by the US (18 per cent) and Mauritius (16 per cent) during the last fiscal. These trends “are an endorsement of its status as a preferred investment destination amongst global investors,” the ministry added.
