Inbound FDI rose 14% in FY20 to $49.9 billion; service sector top recipient

Singapore continued to be largest source of FDI for India for second consecutive year

Foreign direct equity investments (FDI) in 2019-20 grew by 14 per cent, a four-year high, to a record $49.8 billion, according to data released by the Department for Promotion of Industry and Internal Trade (DPIIT) on Thursday.
 

The figures are expected to comfort policymakers who were worried about tepid growth in equity investments, which had contracted by 1 per cent in 2018-19 and risen only 3 per cent in the year before that. Total FDI, which includes equity capital of unincorporated bodies, reinvest earnings and other capital stood at $73.4 billion, up from $63 billion a year ago, an 18