India receives record high foreign direct investments in financial year 2019-20

FDI equity flows in India stood at a record high of $49.97 billion in the financial year 2019-20. The country had received FDI of $44.36 billion during April-March 2018-19.

It registered a four-year high growth of 14 per cent. The FDI growth declined by 1 per cent in FY18 and was confined to single-digits in the previous two fiscals.

The monthly FDI flows were over $2 billion in all the months during the Apr-Mar'20 period. The month of March received $4.2 billion FDI flows.

The country received cumulative FDI equity inflows of $470.2 billion between April, 2000 to March, 2020. In rupee terms, the amount was around Rs 27.3 lakh crore.

Singapore emerged as the largest source of FDI in India with $14.67 billion investments during the fiscal, followed by Mauritius ($8.24 billion), the Netherlands ($6.5 billion), the US ($4.22 billion), Caymen Islands ($3.7 billion), Japan ($3.22 billion), and France ($1.89 billion).

Sectors which attracted maximum foreign inflows during 2019-20 include services ($7.85 billion), computer software and hardware ($7.67 billion), telecommunications ($4.44 billion), trading ($4.57 billion), automobile ($2.82 billion), construction ($2 billion), and hotel & tourism ($2.9 billion).

The top five states including Maharashtra, Karnataka, Delhi, Gujarat and Jharkhand accounted for almost 84 per cent of the total FDI flows (in $ terms) during October-March'20.