In yet another boost to the Indian economy, India’s Foreign Direct Investment (FDI) saw a significant jump in November 2020. FDI data released by the Commerce Ministry shows that total FDI in the month of November 2020 grew by a whopping 81 per cent to USD 10.15 billion against USD 5.6 billion in November 2019. FDI equity has also jumped to USD 8.5 billion as against USD 2.8 billion in November 2019, registering a growth of 70 per cent.
India has attracted total FDI inflow of USD 58.37 billion during April to November 2020. It is the highest ever for the first eight months of a financial year (F.Y.) and 22 per cent higher as compared to the first eight months of 2019-20 (USD 47.67 billion).
FDI equity inflow received during F.Y. 2020-21 (April to November 2020) is USD 43.85 billion. It is also the highest ever for the first eight months of a financial year and 37% more compared to the first eight months of 2019-20 (USD 32.11 billion), the data revealed.