Manufacturing sector gets US$ 21 billion FDI in FY22, increases by 76% YoY
According to data released by the Ministry of Commerce and Industry, the manufacturing sector attracted foreign direct investments totaling US$ 21.34 billion in 2021-22, an increase of 76% YoY.
Under the FDI policy regime, the government has carried out a number of reforms in industries like insurance, defence, telecom, financial services, pharmaceuticals, retail trading, and e-commerce.
The US (17.94%) and Singapore (27.01%) have emerged as India's top two investors in 2021–2022, while Mauritius (15.98%), the Netherlands (7.86%), and Switzerland (7.31%) were next.
According to the Ministry, India earned the highest annual FDI inflows of US$ 84.83 billion in 2021–22 despite the ongoing pandemic and worldwide developments.
The top five states in terms of FDI in 2021–2022 were Karnataka (37.55%), Maharashtra (26.26%), Delhi (13.93%), Tamil Nadu (5.10%), and Haryana (4.76%).
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.