Inflow of Foreign Direct Investment: On the other hand, there is constant bad news on the inflation front. On the other hand, in the case of foreign investment, good news has come for India. Foreign investors invest heavily in the country. India has become the preferred country for investment. In fact, in the 2021-22 fiscal year, a record foreign investment entered the country. This information was provided by the Ministry of Commerce and Industry. The ministry said, Friday, that India generated US$83.57 billion in foreign direct investment in the 2021-22 fiscal year, the highest in any fiscal year so far.
The highest foreign direct investment came from Singapore
“India achieved the highest annual FDI rate ever in the 2021-22 fiscal year of 83.57 billion US dollars,” the ministry said in a statement. Singapore ranks first in terms of major investor countries investing in India with 27 percent. It is followed by America in second place with 18 per cent and Mauritius in third place with 16 per cent.
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The highest investment in this sector
According to the information provided by the ministry, “India is rapidly emerging as a preferred country for foreign investment in the manufacturing sector.” Comparing FDI inflows to equity in the manufacturing sector 2020-21 ($12.09 billion) in 2021-22 ($21.34 billion) by 76 percent. According to the ministry, India witnessed the highest foreign investment in the computer software and hardware sector. After that, the service sector and the automobile industry received the maximum amount of foreign investment.
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