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Gujarat receives highest FDI during FY21; 4th time in a row
By IndianMandarins- 30 May 2021
788New Delhi (30.05.2021): Despite the Covid-19 and its various mutants, global capital has been incessantly flowing into India, 4th time in a row, showing its confidence in the latter's investment climate and policies. In FY21, FDI flows into the country accelerated 10%YoY to hit a new milepost of $81.72bn. Among the states, Gujarat received the highest FDI for the fourth consecutive year with a 37% share valued at $30.23 billion followed by Maharashtra and Karnataka with their share of 27% and 13%. It seems Gujarat is becoming another major hub for computer hardware and software products as 94% of the FDI flow to this sector. Overall, the state has come to account for 78% of the total FDI inflow in this sector. According to official data, of the total FDI inflows, Maharashtra attracted ₹1.53 lakh crores, Karnataka r₹78,160 crores, and Delhi ₹59,830 crores. Tamil Nadu and Jharkhand, which were placed on the seventh and eighth spots, attracted investment worth ₹19,734 crores and ₹19,200 crores. The other major achievers were Haryana ₹13,661 crores, Telangana ₹11,332 crores, West Bengal ₹4,309 crores,s and UP ₹4,103 crores. Singapore has emerged as the top investor with its FDI shares of 29% followed by the US 23% and Mauritius 9% in FY21. Data show that construction (infrastructure) activities, computer software and hardware, rubber goods, retail trading, drugs and pharmaceuticals, and electrical equipment sprinted more than 100% in FDI equity investment. In terms of percentage increase, Saudi Arabia ranked at the top with its investment of $2,816.08 million accelerating from $89.93 million in the previous financial year. The US and the UK also recorded a 227% and 44% increase in FDI equity inflow on a YoY basis in FY21Confirming Bharat's stellar performance in attracting FDIs in CY20, a UNCTAD report says that "despite worsening economic conditions due to the impact of Covid-19, India recorded a positive growth of 13 percent in the year 2020, which is the highest among all major economies".
Gujarat receives highest FDI during FY21; 4th time in a row
By IndianMandarins - 2021-05-30 13:00:00
New Delhi (30.05.2021): Despite the Covid-19 and its various mutants, global capital has been incessantly flowing into India, 4th time in a row, showing its confidence in the latter's investment climate and policies.
In FY21, FDI flows into the country accelerated 10%YoY to hit a new milepost of $81.72bn. Among the states, Gujarat received the highest FDI for the fourth consecutive year with a 37% share valued at $30.23 billion followed by Maharashtra and Karnataka with their share of 27% and 13%.
It seems Gujarat is becoming another major hub for computer hardware and software products as 94% of the FDI flow to this sector. Overall, the state has come to account for 78% of the total FDI inflow in this sector.
According to official data, of the total FDI inflows, Maharashtra attracted ₹1.53 lakh crores, Karnataka r₹78,160 crores, and Delhi ₹59,830 crores. Tamil Nadu and Jharkhand, which were placed on the seventh and eighth spots, attracted investment worth ₹19,734 crores and ₹19,200 crores.
The other major achievers were Haryana ₹13,661 crores, Telangana ₹11,332 crores, West Bengal ₹4,309 crores,s and UP ₹4,103 crores.
Singapore has emerged as the top investor with its FDI shares of 29% followed by the US 23% and Mauritius 9% in FY21.
Data show that construction (infrastructure) activities, computer software and hardware, rubber goods, retail trading, drugs and pharmaceuticals, and electrical equipment sprinted more than 100% in FDI equity investment.
In terms of percentage increase, Saudi Arabia ranked at the top with its investment of $2,816.08 million accelerating from $89.93 million in the previous financial year. The US and the UK also recorded a 227% and 44% increase in FDI equity inflow on a YoY basis in FY21Confirming Bharat's stellar performance in attracting FDIs in CY20, a UNCTAD report says that "despite worsening economic conditions due to the impact of Covid-19, India recorded a positive growth of 13 percent in the year 2020, which is the highest among all major economies".
