The country registered its highest-ever FDI inflow Of $81.97 billion In 2020-21The nation signed up the highest ever annual foreign direct investment (FDI) Inflow of $81.97 billion (provisional figure) in the financial year 2020-21, according to the Ministry of Commerce and Market.
FDI inflows in the last seven financial years (2014-21) stands at $440.27 billion, which is nearly 58 percent of the overall FDI inflow in the last 21 fiscal years (2000-2021: $763.83 billion).
The computer system software application and hardware sector brought in the biggest share of FDI inflows at 19 percent, followed by the service sector at 15 percent.
Trading saw FDI inflow of eight percent, while the Telecommunications - Construction (Infrastructure) sector brought in FDI inflow of seven per cent each, during the exact same period in the last more than 7 years, according to commerce ministry data.The leading 5 countries from where FDI equity inflows were received during April 2014 and August 2021 are Singapore (28 per cent), Mauritius (22 percent), USA (10 per cent), Netherlands (eight per cent), and Japan (6 percent).
The government has actually taken steps to enhance domestic and foreign investments in India, according to the ministry's declaration.
Some of these steps consist of the reduction in corporate tax rates, easing liquidity problems of NBFCs and banks, improving the Ease of Working, FDI policy reforms, reduction in compliance problem, policy measures to improve domestic production through public procurement orders, amongst others.To help with the financial investments, measures such as India Industrial Land Bank (IILB), Industrial Park Score System (IPRS), soft launch of the National Single Window System (NSWS), National Facilities Pipeline (NIP), National Monetisation Pipeline (NMP), among others, have been put in location.