America becomes the second largest source of FDI in India, Mauritius ranks third – America becomes the second largest source of FDI in India, mauritius ranks third

America becomes the second largest source of FDI in India, Mauritius ranks third – America becomes the second largest source of FDI in India, mauritius ranks third

New Delhi 28 May (Language) America has become the second major source of foreign direct investment (FDI) in India and has pushed Mauritius to the third position. Singapore remains in the first place.

According to the data released by the Department for Promotion of Industry and Internal Trade (DPIIT) on Friday, India received FDI of $ 13.82 billion from the US in the year 2020-21. During this period, FDI from Singapore stood at $ 17.41 billion.

FDI of $5.64 billion was received from Mauritius during the year. This was followed by UAE ($ 4.2 billion), Cayman Islands (2.79 billion), Netherlands (2.78 billion), Britain (2.04 billion), Japan ($ 1.95 billion), Germany ($ 66.7 million) and Cyprus, $ 386 million. Came to ADI.

According to government data, FDI in India during the year 2021 grew by 19 percent to $ 59.64 billion. In order to attract foreign investors, the government has taken several policy reforms, facilitating investment and further ease of doing business in the meantime.

If earlier FDI adds to the reinvestment of capital and profit by investors, then the total FDI in the year 2020-21 is equal to $ 81.72 billion, which is ten percent higher than the $ 74.39 billion in 2019-20.

During the last financial year, the computer, software and hardware sector topped FDI attracts with an investment of $ 26.14 billion. It was followed by infrastructure ($7.87 billion) and the services sector ($5 billion).

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