Categories: Business

Foreign investment of $ 49.98 billion came in the country during the financial year 2019-20, FDI in most service sector


FDI in India jumps 13 percent to record 49.98 bn dollar in 2019-20

new Delhi. Foreign direct investment (FDI) in the country increased by 13 percent to $ 49.97 billion in FY 2019-20. In the last fiscal year 2018-19, the country received a total FDI of $ 44.36 billion.

According to the data of the Department of Industry and Internal Trade Promotion, the services sector of the country recorded $ 7.85 billion, computer software and hardware sector $ 7.67 billion, telecom sector $ 4.44 billion, business sector $ 4.57 billion, vehicle sector 2.82 billion. The dollar, the construction sector received two billion dollars and the chemicals sector received one billion dollars of foreign direct investment.

During this period, Singapore received the highest amount of FDI at $ 14.67 billion. This was followed by $ 8.24 billion from Mauritius, $ 6.5 billion from the Netherlands, $ 4.22 billion from the US, $ 3.7 billion from the Cayman Islands, $ 3.22 billion from Japan and $ 1.89 billion from France.

This post was published on May 28, 2020 9:00 pm

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