FDI, Foreign direct investment, FDI Inflow, Indian Economy, Narendra Modi government, DPIIT, ease of doing businessForeign direct investment into India grew 15% to $26 billion during the first half of the current financial year, according to government data. Inflow of foreign direct investment (FDI) during April-September of 2018-19 stood at $22.66 billion. Sectors, which attracted maximum foreign inflows during April-September 2019-20, include services ($4.45 billion), computer software and hardware ($ 4 billion), telecommunications ($4.28 billion), automobile ($2.13 billion) and trading ($2.14 billion), the commerce and industry ministry data showed. Singapore continued to be the largest source of FDI in India during the first half of the financial year with $8 billion investments. It was followed by Mauritius ($6.36 billion), the US ($2.15 billion), the Netherlands ($2.32 billion), and Japan ($1.78 billion).

Source: Mint January 01, 2020 13:41 UTC