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FDI inflow rises
Why is it in news?
- As per the official data, Foreign direct investment (FDI) equity inflows into India grew 21% to $35.33 billion in the April-October period of the current financial year.
Details:
- A year earlier, FDI equity inflows had stood at $29.31 billion.
- Sectors that attracted maximum foreign inflows included computer software and hardware, services, trading, chemicals and automobiles.
- India attracts maximum funds from Singapore, the U.S., Mauritius, the Netherlands, the U.K., France and Japan.
- In the past year, the Centre has eased FDI policy for sectors such as insurance intermediaries and defence.