FDI rises 40 pc to USD 51.47 bn in Apr-Dec 2020-21: Govt data


PTI | New Delhi | Updated: 04-03-2021 16:17 IST | Created: 04-03-2021 16:10 IST
FDI rises 40 pc to USD 51.47 bn in Apr-Dec 2020-21: Govt data
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Foreign direct investment (FDI) in India grew 40 percent to USD 51.47 billion during April-December 2020-21, according to government data released on Thursday.

India has attracted 22 percent higher FDI inflow (including re-invested earnings) of USD 67.54 billion during the first nine months of the current fiscal as against USD 55.14 billion in the same period of 2019-20.

''FDI equity inflow grew by 40 percent in the first nine months of 2020-21 (USD 51.47 billion) compared to the year ago period (USD 36.77 billion),'' the commerce and industry ministry said.

The inflows increased by 37 percent in the third quarter (October-December 2020) of 2020-21 to USD 26.16 billion.

In December, FDI surged 24 percent to USD 9.22 billion, the data showed.

The measures taken by the government on the fronts of FDI policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country, according to the ministry.

The foreign inflows are a major driver of economic growth and an important source of non-debt finance for the economic development of India.

''The steps taken in this direction during the last six and a half years have borne fruit, as is evident from the ever-increasing volumes of FDI inflows being received into the country. Continuing on the path of FDI liberalization and simplification, government has carried out FDI reforms across various sectors,'' the ministry said.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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