India’s FDI Equity Inflow Up 28% Year-on-Year In April-January Period

India attracted a total foreign direct investment (FDI) infl­ow of $72.12 billion during April-January (2020-21), the highest ever for the first ten months of a financial year, according to data released by department for promotion of industry and internal trade (DPIIT) showed.

The value is 15 per cent higher as compared to the first ten months of 2019-20 at $62.72 billion. Total FDI inflow also includes reinvested earnings. “The measures taken by the government on the fronts of FDI policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country,” an official statement said on Monday.

Similarly, India’s FDI equity inflow grew 28 per cent YoY to $54.18 billion during the first ten mo­nths of the current fiscal. During the first three qua­rters of the current fiscal, inbound FDI equity grew by 40 per cent YoY at $51.47 billion, as compared to $36.77 billion, during the same period a year ago.

Source: Business Standard

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