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Led by investments in the manufacturing sector, foreign direct investment (FDI) inflow in India rose slightly to $83.57 billion in FY22 from $81.97 billion in FY21, data released by the commerce and industry ministry showed on Friday.

Karnataka received the highest equity inflow followed by Delhi and Maharashtra, the ministry said.

FDI equity inflow in manufacturing rose 76% in FY22 to $21.34 billion. While Singapore was the top FDI source followed by the US and Mauritius, the computer software and hardware sector was the top recipient of the investment.

“India has recorded the highest ever annual inflow of 83.57 billion in the Financial Year 2021-22. In 2014-2015, FDI inflow in India stood at a mere $45.15 billion as compared to the highest ever annual FDI inflow of $83.57 billion reported during the financial year 2021-22," the ministry said.

India’s FDI inflows have increased 20-fold since FY03-04 when the inflows stood at $4.3 billion, it added.

Karnataka had a 38% share of the total FDI equity inflow that was reported during FY22, which was followed by Maharashtra (26%) and Delhi (14%).

The majority of the equity inflow into Karnataka was in computer software and hardware (35%), automobile industry (20%) and education (12%) during FY22, it further said.

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