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NEW DELHI : FDI equity inflows into the country during April-January 2020-21 grew by 28% to $54.18 billion, according to the Commerce and Industry Ministry data released on Monday.

Foreign direct investment (FDI) inflows during April-January 2019-20 stood at $42.34 billion. Total FDI (which includes reinvested earnings) during the 10-month period in FY21 increased by 15% to $72.12 billion over the year-ago period.

"The measures taken by the government on the fronts of FDI policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country as India has attracted a total FDI inflow of $72.12 billion during April to January 2021," it said.

"It is the highest ever for the first ten months of a financial year," it added.

In terms of top investor countries, Singapore is at the top with 30.28% of the total FDI equity inflow followed by the US (24.28%) and the UAE (7.31%).

Computer software and hardware has emerged as the top sector during the first ten months of 2020-21 with 45.81% of the total inflows. It was followed by construction (infrastructure) activities (13.37%) and services sector (7.80%) respectively.

"These trends in India's FDI are an endorsement of its status as a preferred investment destination amongst global investors," it added.

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