FDI into India grows by 37 pc to USD 43.85 bn in April-November 2020 period

According to data of the commerce and industry ministry, foreign direct investment (FDI) into India increased by 37 per cent to USD 43.85 billion during April-November 2020 period. Total FDI inflows that included reinvested earnings during the eight-month period of the current fiscal grew by 22 per cent to USD 58.37 billion, the ministry added

.“FDI equity inflow received during 2020-21 (April to November, 2020) is USD 43.85 billion. It is the highest ever for the first 8 months of a financial year and 37 per cent more compared to the first 8 months of 2019-20 (USD 32.11 billion),” it further added.

FDI is a major driver of economic growth and an important source of non-debt finance for the economic development of India.