InvestorQ : Has FDI into picked up in this year or does it still remain low?
Niti Shenoi made post

Has FDI into picked up in this year or does it still remain low?

Answer
user profile image
Archita Jajjoo answered.
5 months ago


In a tough year, FDI flows actually picked up on a YOY basis. FDI into India grew 13% to $49.97 billion in fiscal year 2019-20. In the previous fiscal year FDI inflow stood at $44.36 billion. Major sectors attracting the most FDI include services ($7.85 billion), computer software and hardware ($7.67 billion), telecom ($4.44 billion), trading ($4.57 billion), automobiles ($2.82 billion), construction ($2 billion), and chemicals ($1 billion). Singapore was the largest source of FDI at $14.67 billion followed by Mauritius ($8.24 billion), Netherlands ($6.5 billion), the US ($4.22 billion). FDI is the key to overhaul India’s infrastructure sector and bring it gradually to South East Asian levels.