India Records Historic High of 106 Trillion Won in Foreign Direct Investment

[Asia Economy Reporter Hyunseok Yoo] The Indian government announced that despite COVID-19, the annual foreign direct investment (FDI) reached an all-time high.

According to the Hindustan Times on the 21st, the Ministry of Commerce and Industry of India stated that the amount of foreign direct investment (FDI) for the fiscal year 2021-2022 (starting every April) was $83.57 billion (approximately 106.05 trillion KRW), an increase of about 2.0% compared to the previous year.

Foreign direct investment refers to investments made to gain continuous profits by building factories, production facilities, or technology partnerships locally, rather than financial investments such as stocks or bonds.

The Ministry of Commerce and Industry added that the record high FDI indicates that India is a stable investment destination, and that the FDI amount has increased 20-fold over the past 20 years.

The scale of FDI steadily increased from $62 billion in 2018-2019, $74.39 billion in 2019-2020, to $81.97 billion in 2020-2021.

The FDI amount for the last fiscal year increased by $1.6 billion (approximately 2.03 trillion KRW) compared to the previous year. Among the FDI amounts, 27% came from Singapore, the largest share, followed by the United States at 18%.

The Ministry of Commerce and Industry of India stated that it is reforming policies and systems in various sectors such as mining, manufacturing, digital media, private aviation, defense, insurance, and telecommunications to make it easier for foreign investors to make direct investments.

This content was produced with the assistance of AI translation services.