Foreign direct investment (FDI) in India grew by 13 per cent to a record $49.97 billion in the 2019-20 financial year, according to official data. Services sector in the country has attracted maximum investment at $7.85 billion.
The country had received FDI of $44.36 billion during April-March 2018-19. 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 chemicals $one billion, the the Department for Promotion of Industry and Internal Trade (DPIIT) data showed.
Singapore emerged as the largest source of FDI in India during the last fiscal with $14.67 billion investments. It was 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.
