: India attracts 6.24 billion dollars total FDI inflow in April #finance #StockMarketNEWS India attracts 6.24 billion dollars total FDI inflow in April New Delhi, Jun 24 (KNN) India has attracted a

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India attracts 6.24 billion dollars total FDI inflow in April #finance #StockMarketNEWS
India attracts 6.24 billion dollars total FDI inflow in April New Delhi, Jun 24 (KNN) India has attracted a total Foreign Direct Investments (FDI) inflow of 6.24 billion dollars in April, up by 38 per cent year-on-year.

According to data released by the Department for Promotion of Industry and Internal Trade (DPIIT) on Wednesday, the total FDI includes equity capital of unincorporated bodies, reinvest earnings and other capital. FDI equity inflow grew 60 per cent to 4.44 billion dollars in April.

“Measures taken by the government on the fronts of Foreign Direct Investment (FDI) policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country,” an official statement said.

As per the DPIIT data, Mauritius is the top investing country with 24 per cent of the FDI Equity inflows, followed by Singapore (21 per cent) and Japan (11 per cent).

As far as states are concerned, Karnataka is the top recipient state during April, 2021 with 31 per cent share of the total FDI Equity inflows, followed by Maharashtra at 19 per cent and Delhi at 15 per cent.

Computer Software & Hardware’ emerged as the top sector during April, with around 24 per cent share of the total FDI equity inflow. This was followed by the services sector at 23 per cent and education sector 8 per cent, respectively.

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