Gujarat has emerged as the top FDI destination, accounting for 37 per cent of the total inflows out of all states in the country. Maharashtra (27 per cent) and Karnataka (13 per cent) were second and third in terms of investment received.
India saw its highest-ever inflow of foreign direct investment (FDI) of $81.72 billion during the financial year 2020-21. It is a 10 per cent rise on a year-on-year basis, as per the latest data provided by the commerce and industry ministry.
Out of all states in the country, Gujarat has emerged as the top FDI destination, accounting for 37 per cent of the total inflows. Maharashtra (27 per cent) and Karnataka (13 per cent) were second and third in terms of inflows received.
It may be noted that Gujarat has bagged the top spot for the fourth consecutive year in a row. The state saw total FDI inflow of $30.23 billion in the last financial year.
Almost 94 per cent of the investment that trickled into the state was in the computer hardware and software sector, said the state in a statement. The state accounts for 78 per cent of the country’s total FDI inflow in this sector.
Gujarat tops FDI inflows
The latest data available on the promotion of industry and internal trade (DPIIT) for the April-December 2020 period shows Gujarat received the biggest share of Rs 1.77 crore FDI.
Meanwhile, Maharashtra managed to get Rs 1.53 lakh crore FDI and Karnataka came in third, bagging FDI worth Rs 78,160 crore. Delhi occupied the fourth spot after bagging investments worth Rs 59,830 crore during the April-December period.
Tamil Nadu and Jharkhand occupied the seventh and eighth sports, attracting investments worth Rs 19,734 crore and Rs 19,200 crore, respectively. Other states that added over Rs 10,000 crore FDI were Haryana (Rs 13,661 crore) and Telangana (Rs 11,332 crore). West Bengal and Uttar Pradesh managed to saw FDI inflows of over Rs 4,000 crore during the period.
It may be noted that data for the January-March quarter is not yet available on the DPIIT website.
Top Investors and Sectors
The top investors who contributed to India’s high FDI inflow in FY21 include Singapore (29 per cent), followed by the US (23 per cent) and Mauritius (9 per cent).
Construction activity (infrastructure), computer software and hardware, rubber goods, retail trading, drugs and pharmaceuticals and electrical equipment have registered more than 100 per cent jump in equity during FY21 as compared to the previous year.
Source: India Today