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India attracts a total FDI inflow of USD 6.24 billion during April 2021

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India attracts a total FDI inflow of USD 6.24 billion during April 2021
fsjd_icon1 CURRENT AFFAIRS

Description

India attracted total foreign direct investment (FDI) inflows of USD 6.24 billion in April 2021, according to data released by the Ministry of Trade and Industry on June 23, 2021. The current figures are 38 percent higher than the $ 4.53 billion inflows that India received in April 2020.

Global foreign direct investment (FDI) inflows were hit hard by the COVID-19 pandemic, and fell 35 percent in 2020 to $ 1 trillion, from a high of $ 1.5 trillion the previous year, according to the data.

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What has led to an increase in the inflow of foreign direct investment?

According to an official statement from the Center, measures taken by the Government in the framework of FDI policy reforms, business simplification and investment promotion have resulted in an increase in FDI inflows to India.

The country's growth in foreign direct investment (FDI) is a confirmation of its status as a preferred investment destination among global investors.

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