Categories: Business

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

Photo: GOOGLE

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

Content Team

Recent Posts

Ban on gaming apps hopes for opportunity for domestic sector

Photo: MEDIATEK online gaming new Delhi. The government has banned 118 apps keeping in mind the security of the country.…

India august gold imports double to hit 8 months peak says source

Photo: TIMESOFINDIA gold import at 8 months high new Delhi. The economy is now looking forward to a gradual recovery.…

Coal India Q1 profit plunges 55 percent YoY

Photo: GOOGLE Coal India Q1 result new Delhi. Coal India's profit fell 55 per cent in the first quarter to…