The Foreign Direct Investment [FDI] in the Financial Year 2021-22 has touched a "highest ever" figure of $83.57 billion. Announcing this "landmark" figure, the Ministry of Commerce and Industry said this constituted an "endorsement" of India’s status among global investors.
"The government reviews the FDI policy on an ongoing basis and makes significant changes from time to time to ensure that India remains an attractive and investor-friendly destination. The government has put in place a liberal and transparent policy for FDI, wherein most of the sectors are open to FDI under the automatic route, "an official release said.
The government has undertaken reforms in sectors such as coal mining, contract manufacturing, digital media, single-brand retail trading, civil aviation, defence, insurance, and telecom. The release stated that during 2021–'22, under the domain of "Computer Software and Hardware", the major recipient states of FDI equity inflow were Karnataka (53%), Delhi (17%), and Maharashtra (17%),
The official statement noted that the FDI inflow had intensified ever since 2014, as the FDI had been "ever increasing" from that date. Singapore, the U.S., and Mauritius are among the top investor countries in FDI equity inflow.