India attracts $ 6.24 billion of FDI inflows in April 2021
New Delhi, June 23, 2021
India attracted total foreign direct investment (FDI) inflows of $ 6.24 billion in April this year, 38% higher as compared to the $ 4.53 billion received in the same month of last year.
A press release from the Ministry of Commerce and Industry said this was made possible by the measures taken by the Government in the areas of FDI policy reforms, investment facilitation and ease of doing business.
According to it, the trends in FDI are an endorsement of India's status as a preferred investment destination amongst global investors.
The release said that, during April 2021, FDI equity inflows amounting to $ 4.44 billion were reported in India, an increase of 60% over the FDI equity inflows of $ 2.77 billion in April 2020.
During April 2021, Mauritius is the top investing country with 24% of the FDI equity inflows, followed by Singapore (21%) and Japan (11%).
Computer Software & Hardware has emerged as the top sector during April 2021 with around 24% share of the total FDI equity inflow followed by Services Sector (23%) and Education Sector (8%), respectively.
Karnataka is the top recipient state during April 2021 with 31% share of the total FDI equity inflows, followed by Maharashtra (19%) and Delhi (15%), the release added.