Foreign direct investment (FDI) in the country increased by 13 percent to $ 49.97 billion in 2019-20. In the last fiscal year 2018-19, the country received a total FDI of $ 44.36 billion.
According to the data of the Department of Industry and Internal Trade Promotion, the services sector of the country had $ 7.85 billion, computer software and hardware sector $ 7.67 billion, telecom sector $ 4.44 billion, business sector $ 4.57 billion, vehicle sector 2.82 billion. The dollar, the construction sector received two billion dollars and the chemicals sector received one billion dollars of foreign direct investment.
During this period, Singapore received the highest amount of FDI at $ 14.67 billion. This was followed by $ 8.24 billion from Mauritius, $ 6.5 billion from the Netherlands, $ 4.22 billion from the US, $ 3.7 billion from the Cayman Islands, $ 3.22 billion from Japan and $ 1.89 billion from France.
Finance Minister reviews the state of the economy at FSDC meeting
At the same time, Finance Minister Nirmala Sitharaman reviewed the state of the economy in a meeting of the Financial Stability and Development Council (FSDC) on Thursday (May 28). He has reviewed this at a time when economic activity has been severely affected by the Kovid-19 crisis, which was the first meeting of the FSDC after the Corona virus epidemic. The council, headed by the finance minister, includes the Arab governor and regulators of other financial sectors.
Projects worth Rs 21.11 lakh crore stuck on Corona: Report
On the other hand, 8,917 projects worth Rs 21.11 lakh crore are still stuck in various areas in 108 districts affected by corona virus infection (Red Zone) even after the government relaxed the restrictions on business. A survey has revealed this information.