The period from October 2014-September 2016 has recorded a 60 percent increase in FDI equity inflows
GN Bureau | December 23, 2016
India received the maximum FDI inflows from Singapore in fiscal 2015-16 followed by Mauritius, USA, Netherlands and Japan, according to a report on Foreign Direct Investment in India jointly prepared by PHD Chamber of Commerce and Industry and KPMG.
The report highlights the recent liberalization in FDI policies & regulations, and advocates for continued efforts by government to sustain the current momentum. The two year period [October 2014 - September 2016] has recorded a 60 percent increase in FDI equity inflows, a notable achievement.
Emphasizing on sector specific FDI inflows, the report suggests that on an average between 2000 and 2016 approximately 40 percent of FDI inflows has gone into services, telecom, construction and computer software and hardware with pharmaceuticals, chemicals and automobile sectors each receiving close to 5 percent of the country’s total FDI inflows.
A press release citing the PHD Chamber internal analysis indicates that FDIs are related to ease of doing business in India and therefore, in its federal structure, an effective project monitoring group need to be activated in all states and UTs to encourage the bureaucracy to adopt a progressive approach towards investment proposals.
It is also highlighted in the report that Maharashtra, Delhi, Haryana, Karnataka, Tamil Nadu, Gujarat and Andhra Pradesh together attracted more that 70 percent of total FDI inflows to India in the last 15 years.
Maharashtra received FDI amounting to $9.5 billion during April 2015 – March 2016 against $6.36 billion in between April 2014 – March 2015. During April 2000 and September 2016, the state received cumulative FDI totaling US$92.84 billion, constituting 30 percent of the country’s FDI.
According to the report, Delhi received FDI inflows to the tune of $12,743 million during April 2015 – March 2016 against $6,875 million in April 2014 – March 2015. From April 2000 to September 2016, the state received FDI totaling $65,652 million, constituting 21 percent of the country’s FDI and the second highest among states.
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