The Government measures on the fronts of FDI policy reforms, ease of doing business and investment facilitation have caused increased FDI inflows into India as during April of 2020 to January of 2021, it has attracted a total FDI inflow of 72.12 billion US dollars.
For the first 10 months of a financial year, it is the highest ever and compared to the first 10 months of 2019-20, it is 15% higher. According to the trends, in the first 10 months of F.Y. 2020-21, the FDI equity inflow grew by 28% compared to the period of year ago.
In terms of top investor countries, Singapore is at the top with 30.28% of the total FDI Equity inflow followed by U.S.A with 24.28% and UAE with 7.31% for the first 10 months of the current F.Y. 2020-21.
Japan has been topped the investor countries list to invest in India with 29.09% of the total FDI Equity inflows during January, 2021, followed by Singapore with 25.46% and the US with 12.06%.
During the first 10 months of F.Y. 2020-21, the Computer Software & Hardware has emerged as the apex sector with 45.81% of the total FDI Equity inflow followed by Construction or Infrastructure Activities with 13.37% and Services Sector with 7.80%.
The consultancy services emerged as the top sector with 21.80% of the total FDI Equity inflow during the month of January of 2021, followed by Computer Software & Hardware with 15.96% and Service Sector with 13.64%.
These trends in Foreign Direct Investment of India are an endorsement of its status as a preferred investment destination among worldwide investors.