FDI equity inflow grew by 40% in the first 9 months of F.Y. 2020-21 (US$ 51.47 billion)
New Delhi: India has attracted total Foreign Direct Investment (FDI) inflow of US$ 67.54 billion during April to December 2020. It is the highest ever for the first ninth months of a financial year and 22% higher as compared to the first ninth months of 2019-20 (US$ 55.14 billion), the Ministry of Commerce and Industry stated here today.
According the to latest data, FDI equity inflow grew by 40% in the first 9 months of Financial Year 2020-21 (US$ 51.47 billion) compared to the year ago period (US$ 36.77 billion), while the FDI inflow increased by 37% in 3rd Quarter of 2020-21 (US$ 26.16 billion) compared to 3rd quarter of 2019-20 (US$ 19.09 billion).
FDI inflow also showed positive growth of 24% in the month of December, 2020 (US$ 9.22 billion) compared to December, 2019 (US$ 7.46 billion)
Describing Foreign Direct Investment (FDI) as a major driver of economic growth and an important source of non-debt finance for the economic development of India, the Ministry said an “enabling and investor friendly” FDI policy has resulted in the ever-increasing volumes of FDI inflows being received into the country.
“Continuing on the path of FDI liberalization and simplification, Government has carried out FDI reforms across various sectors,” the Ministry said while reiterating that measures taken by the Government on the fronts of FDI policy reforms, investment facilitation and ease of doing business had resulted in increased FDI inflows into the country.
– global bihari bureau
