Total FDI inflow rose to $22.53 billion during the first quarter of FY22 as against $11.84 billion in the same period last year, the commerce and industry ministry said in a statement. Total FDI comprises equity inflows, reinvested earnings and other capital.
“FDI equity inflow grew by 168% in the first three months of 2021-22 ($17.57 billion) compared to the year ago period ($6.56 billion),” it said.
As per the statement, highest FDI was garnered by the automobile industry with 27% share of the total FDI equity inflows, followed by computer software and hardware at 17% and services at 11%.
“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,” the ministry said.
Among states, Karnataka was the top recipient with 48% share of the total FDI equity inflows, followed by Maharashtra 23% and Delhi at 11% in the quarter.
The FDI trends are an endorsement of India’s status as a preferred investment destination amongst global investors, the ministry said.
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