(MENAFN) India’s foreign direct investment (FDI) inflows surged 62 percent year-over-year in the first four months of present financial year beginning from April, the country’s administration announced on Wednesday, Sep. 22.
India drew an FDI inflow of USD27.37 billion in the first four months of the current financial year, noted the ministry of commerce and industry.
A report released by the ministry of commerce and industry stated: "India has attracted total FDI inflow of 27.37 billion U.S. dollars during first four months of financial year 2021-22 which is 62 percent higher as compared to corresponding period of financial year 2020-21 (16.92 billion U.S. dollars)."
"FDI equity inflow grew by 112 percent in the first four months of fiscal year 2021-22 (20.42 billion U.S. dollars) compared to the year ago period (9.61 billion U.S. dollars)."
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