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  Business   In Other News  21 May 2022  FDI inflows up 2% in FY22

FDI inflows up 2% in FY22

THE ASIAN AGE. | SANGEETHA G
Published : May 21, 2022, 11:21 am IST
Updated : May 21, 2022, 11:21 am IST

FDI inflows to the tune of $83.57 billion were recorded in FY2 against $81.97 billion in FY21, a growth of 1.95 per cent

Private equity accounts for a large part of FDI inflows and FY21 saw big-ticket investments into Jio and Reliance Retail.  — Representational image/DC
 Private equity accounts for a large part of FDI inflows and FY21 saw big-ticket investments into Jio and Reliance Retail. — Representational image/DC

Chennai: Foreign Direct Investment inflows into India increased marginally by 2 per cent in FY22 against double-digit growth rates in the previous two years.

FDI inflows to the tune of $83.57 billion were recorded in FY2 against $81.97 billion in FY21, a growth of 1.95 per cent. In the pandemic-hit FY21, however, FDI inflows had increased 10 per cent from $74.39 billion in the previous year to $81.97 billion. Even in FY20, the growth in FDI inflows was higher at 20 per cent from $62 billion in FY19 to $74.39 billion.

 

Private equity accounts for a large part of FDI inflows and FY21 saw big-ticket investments into Jio and Reliance Retail. “Removing those big investments will give a more real picture of FY21. Despite the absence of such big investments, FDI has been able to grow in FY22,” said Arun Natarajan of Venture Intelligence.

Tags: foreign direct investment