FDI in manufacturing sector jumps 76% to worth $21.34 billion in 2021-22: Commerce Ministry
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The commerce ministry has said that the manufacturing sector attracted foreign direct investments (FDI) worth $21.34 billion in 2021-22, an increase of 76 per cent year-on-year, as compared to $12.09 billion in 2020-21. It said the government has implemented several reforms under the FDI policy regime across sectors such as insurance, defence, telecom, financial services, pharmaceuticals, retail trading, and e-commerce.
Singapore (27.01 per cent) and the US (17.94 per cent) have emerged as the top two investors during 2021-22 in India. These were followed by Mauritius (15.98 per cent), the Netherlands (7.86 per cent) and Switzerland (7.31 per cent).
Despite the ongoing pandemic and global developments, India received the highest annual FDI inflows of $84,835 million in FY 21-22 overtaking last year’s FDI by $2.87 billion. Earlier, FDI inflows increased from $74,391 million in FY 19-20 to $81,973 million in FY 20-21. Top five sates receiving highest FDI in 2021-22 are Karnataka (37.55 per cent), Maharashtra (26.26 per cent), Delhi (13.93 per cent), Tamil Nadu (5.10 per cent) and Haryana (4.76 per cent).
