News:According to the data released by the Department for Promotion of Industry and Internal Trade (DPIIT), foreign direct investment(FDI) in India grew by 13% to a record of USD 49.97 billion in the 2019-20 financial year.
Facts:
- FDI: It includes automatic route, acquisition route and government route. It has risen 13% to $49.97 billion in FY 2019-20 from $44.36 billion a year earlier.
- Total FDI: It includes automatic route, acquisition route, government route, reinvested earnings and other capital.It has doubled to $73.45 billion in 2019-20 from $36.04 billion in 2013-14.
- Sectors that attracted the most foreign inflows during includes services, computer software and hardware, telecommunications, trading and automobiles.
- Singapore emerged as the largest source of FDI in India followed by Mauritius.
- Maharashtra has garnered the highest share of FDI followed by Karnataka and Delhi.
