India’s FDI inflow inches up to $83.57 billion in FY22
According to data released by Ministry of Commerce and Industry, India’s FDI inflow touched a high of $83.57 billion in FY22, marginally more than the previous fiscal’s $81.97 billion. Computer software and hardware emerged as the top recipient sector, followed by the services sector and automobiles industry. India managed to attract the highest-ever FDI in FY22 despite geopolitical tensions around the worlds and the Covid-19 pandemic. Top investor countries in terms of FDI equity inflow include Singapore (27 per cent of inflow), the US (18 per cent), and Mauritius (16 per cent). FDI equity inflow in manufacturing shot up by 76 per cent to $21.34 billion from $12.09 billion in FY21. Among States, Karnataka was the top recipient with 38 per cent share, followed by Maharashtra (26 per cent) and Delhi (14 per cent).
