What’s in the news?
- India has emerged as a preferred investment destination which is evident from the fact that India has recorded the highest ever annual Foreign Direct Investment (FDI) inflow of 83.57 billion US dollars in the last fiscal year.
- In comparison to FDI inflow received in the financial year 2014-15, when the country had attracted FDI inflow of 45.15 billion US dollars, FDI inflow registered growth of 85 percent in the last financial year.
- India has received over 301 billion US dollars in the last four fiscal years. As per the data of the Ministry of Commerce and Industry, country’s FDI inflows have increased 20-fold since financial year 2003-04, when the inflows were 4.3 billion US dollar only.
- Karnataka is the top recipient state with 38 per cent share of the total FDI inflow reported during the fiscal year 2021-22 followed by Maharashtra and Delhi.