FDI in India increases by 76% YOY

For foreign investors looking to invest in the manufacturing sector, India is fast emerging as a preferred destination. According to a statement by the Ministry of Commerce & Industry, India’s manufacturing sector received foreign direct investments worth US$ 21.34 billion in 2021-22, growing by 76% YoY. The increase in foreign investment inflows is attributed to implementation of many reforms by the Government of India towards FDI policy, covering sectors like insurance, defence, telecom, financial services, pharmaceuticals, retail trading, and e-commerce.

As per a statement by the Ministry, the top two source countries for investment in India in 2021-22 were Singapore (27.01%) and the US (17.94%). The other major source nations were Mauritius (15.98%), Netherlands (7.86%) and Switzerland (7.31%).

Karnataka (37.55%), Maharashtra (26.26%), Delhi (13.93%), Tamil Nadu (5.10%) and Haryana (4.76%) were the leading states, receiving highest FDI inflows in 2021-22.

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