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The commerce and industry ministry said foreign direct investment (FDI) equity inflow into the country grew by 168 per cent to USD 17.57 billion in the first three months of 2021-22 (Q1FY22) as compared to USD 6.56 billion in the same period of the last year. Total FDI inflow rose to USD 22.53 billion during the first three months of 2021-22 as against USD 11.84 billion in the same period of the last year. Total FDI comprises equity inflows, reinvested earnings and other capital.

The automobile industry has emerged as the top sector during the period under review with 27 per cent share of the total FDI equity inflows. It was followed by computer software and hardware (17 per cent) and services Sector (11 per cent). Further, Karnataka is the top recipient state during April-June 2021, with 48 per cent share of the total FDI equity inflows. It was followed by Maharashtra (23 per cent) and Delhi (11 per cent).

It said measures taken by the government on the fronts of FDI policy reforms, investment facilitation and ease of doing business have resulted in increased foreign inflows into the country. It added the FDI trends are an endorsement of India's status as a preferred investment destination amongst global investors.