New Delhi. At this time a big news is coming out quoting FDI. In fact, India has set a new record in terms of FDI. In the year 2021-22, it has reached the highest level ever. Talking on this, the Ministry of Commerce and Industry said on Friday that India achieved Foreign Direct Investment (FDI) of US $ 83.57 billion in the financial year 2021-22, which is the highest in any financial year so far.
Elaborating on India’s success, the Ministry of Commerce and Industry said that ‘India is fast emerging as a favorite country for foreign investment in manufacturing’. Along with this, in terms of FDI equity inflows in the manufacturing sectors, in the year 2021-22 ($ 21.34 billion) compared to 2020-21 (12.09 billion), there has been an increase of 76 percent. For information, let us tell you that Singapore is at the forefront of the highest FDI in the world with 27 percent. After this, the US and Mauritius ministries reported that the maximum inflow of FDI was in the computer software and hardware sector.
What is FDI
The full form of FDI is “Foreign Direct Investment”. The development status of any country depends on the economy of that country. It is believed that for this it is necessary for that country to win the trust of other countries. The law of most countries is made simple and flexible, so that foreign investors can be attracted to invest in that country and invest more and more in that country. Law is also made to invest in all countries, so that the economic condition of the country can be strengthened and the investor can also get profit. Keeping all these things in mind, it becomes necessary for any country to have FDI.