A report from Deloitte suggests that despite the COVID-19 disruption, FDI inflow into the country provides necessary optimism and display underlying strengths of the Indian economy. The report is compiled based on the survey response of 1,200 business leaders of multinational corporations in the US, the UK, Japan and Singapore. As per the report, In FY2020-21, FDI inflows (including equity, re-invested earnings, and capital) amounted to a record USD 81.72 billion, 10 per cent higher than the previous financial year. While India remains a favoured foreign direct investment (FDI) destination, the country must enact more reforms to ensure FDI flows not only continue but also play a meaningful role in attaining the USD 5 trillion economy target.
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