New Delhi [India], September 23 (ANI): India has attracted a total Foreign Direct Investment (FDI) inflow of USD 27.37 billion during the first four months of the current financial year (FY) 2021-22 which is 62 per cent higher as compared to the corresponding period of FY 2020-21 (USD 16.92 billion), Ministry of Commerce and Industry said on Friday.

According to the ministry, FDI equity inflow grew by 112 per cent in the first four months of FY 2021-22 (USD 20.42 billion) compared to the year-ago period (USD 9.61 billion).

Also Read | Top 1% High-Performance Coach: Louise Mathias Shares 3 Proven Confidence-Boosting Practices.

'Automobile Industry' has emerged as the top sector during the first four months of FY 2021-22 with a 23 per cent share of the total FDI Equity inflow followed by computer software and hardware (18 per cent) and services sector (10 per cent) respectively.

Under the sector 'Automobile Industry', the majority of FDI Equity inflow (87 per cent) was reported in the state of Karnataka during the first four months of the current FY 2021-22.

Also Read | Galaxy Fight Club is Creating a Metaverse for the NFT Universe.

Karnataka is the top recipient state during the FY 2021-22 (up to July 2021) with a 45 per cent share of the total FDI equity inflows followed by Maharashtra (23 per cent) and Delhi (12 per cent).

The ministry said easures taken by the Central Government concerning FDI policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country. (ANI)

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)