India receives highest ever FDI in Apr-Aug FY21: Government
New Delhi: India, in April-August 2020, received the highest ever total Foreign Direct Investment (FDI) for the first five months of a financial year, the commerce and industry ministry said in a statement on Tuesday.
The total FDI inflow into India in the first five months was $35.73 billion, 13% higher than that in the same period last fiscal.
“FDI equity inflow received during FY21 (April to August, 2020) is $27.1 billion. It is also the highest ever for first five months of a financial year,” the ministry said.
This is 16% higher than the inflows witnessed in the first five months of 2019-20 which were $23.35 billion.
Stating that these trends are an endorsement of India’s status as a preferred investment destination amongst global investors, the government said: “Measures taken by the government on the fronts of FDI policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country”.