Foreign direct investment (FDI) equity inflows into India grew 21 per cent to USD 35.33 billion during April-October period of the current financial year, according to an official data.
In the year-ago period, FDI equity inflows stood at USD 29.31 billion, as per the data of the Department for Promotion of Industry and Internal Trade (DPIIT).
During the first seven months of the current fiscal, total FDI (including re-invested earnings) increased 11 per cent to USD 46.82 billion from USD 42.06 billion in April-October 2019, it said.
“FDI equity inflow increased by 21 per cent to USD 35.33 billion (April 2020 to October 2020) from USD 29.31 billion reported in the same period of previous financial year,” the department said in a statement while listing out itshighlights during 2020.
Sectors which attracted maximum foreign inflows included computer software and hardware, services, trading, chemicals and automobile.
The country attracts maximum funds from Singapore, the US, Mauritius, the Netherlands, the UK, France and Japan.
In the last one year, the government has eased FDI policy in several sectors including insurance intermediaries and defence.