HomeNewsEconomic survey 2022: FDI inflow drops in Maharashtra, Karnataka emerges on top

Economic survey 2022: FDI inflow drops in Maharashtra, Karnataka emerges on top

Maharashtra economic survey report on Thursday revealed that the FDI inflow dropped in the state in 2021-22 with 48,633 crore as compared to 1,19,734 crore in the previous year, news agency PTI said. The report tabled in the legislative Assembly additionally noted that Karnataka emerged as the leading state with 1,02,866 crore FDI inflow in 2021-22, followed by Gujarat with 11,145 crore. Then, Tamil Nadu with 8,364 crore and Telangana with 7,506 crore in the same year. The FDI inflow in the state from April 2000 to September 2021 was 9,59,746 crore, which was 28.2 of the total FDI inflow of the country, the survey stated. 

Meanwhile, the Foreign direct investment (FDI) equity inflows into India contracted by 16% to USD 43.17 billion during the April-December 2021 period, according to data from the Department for Promotion of Industry and Internal Trade (DPIIT). The inflows had stood at USD 51.47 billion during the corresponding period of the previous year.

The total FDI inflows (which includes equity inflows, re-invested earnings and other capital) aggregated at USD 60.34 billion during the nine month period of the current fiscal year as against USD 67.5 billion in the year-ago period.

The equity inflows in the third quarter of this fiscal (October-December 2021) also declined to USD 12 billion as against USD 21.46 billion in the corresponding period of 2020, the data showed.

The total FDI inflows fell to USD 17.94 billion during the third quarter as against USD 26.16 billion in the year-ago period.

During April-December 2021, Singapore was at the top with USD 11.7 billion worth of investments. It was followed by the US (USD 7.52 billion), Mauritius (USD 6.58 billion), Cayman Islands (USD 2.74 billion), Netherlands (USD 2.66 billion) and UK (USD 1.44 billion).

The computer software and hardware sector attracted the highest inflows of USD 10.25 billion during the nine-month period of this fiscal. It was followed by the automobile industry (USD 5.96 billion), services sector (USD 5.35 billion), construction (infrastructure) activities (USD 1.6 billion) and pharma (USD 1.2 billion), the data showed.

(With inputs from agencies)


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