New Delhi: India registered the highest ever Foreign Direct Investment inflow for first five months of a financial year, receiving total FDI inflow of US$ 35.73 billion during April to August, 2020. This was 13 per cent higher as compared to first five months of 2019-20 (US$ 31.60 billion), data released today by the Ministry of Commerce & Industry, showed.
Moreover, FDI equity inflow of US$ 27.10 billion, received during financial year 2020-21 (April to August, 2020) too was the highest ever for first 5 months of a financial year and 16% more compared to first five months of 2019-20 (US$ 23.35 billion).
Data showed that in the last last 6 years (2014-15 to 2019-20), the total FDI inflow grew by 55 per cent, from US$ 231.37 billion in 2008-14 to US$ 358.29 billion in 2014-20. The FDI equity inflow also increased by 57 per cent from US$ 160.46 billion during 2008-14 to US$ 252.42 billion (2014-20).
It may be mentioned that the equity inflow of Foreign Direct Investment (FDI) is a major driver of economic growth and an important source of non-debt finance for the economic development of a country like India.
“Measures taken by the Government on the fronts of FDI policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country,” the Ministry stated, claiming that the figures are an endorsement of India’s status as a preferred investment destination amongst global investors.
– globalbihari bureau
