India attracted a total of 35.73 billion U.S. dollars as foreign direct investments (FDI) during April-August 2020, the highest for the first five months of a financial year, said a statement issued by the government on Tuesday.
India's financial year calendar begins in April and ends in March in the following year.
The statement stated that the FDI during April-August this year was around 13 percent higher as compared to the first five months of 2019-20, when 31.60 billion U.S. dollars of FDI came into India.
The data released by the commerce and industry ministry revealed that the FDI equity inflow received during April-August is 27.10 billion U.S. dollars. It is also the highest ever for first 5 months of a financial year, and 16 percent more compared to first five months of the previous year which saw an FDI investment of 23.35 billion U.S. dollars.
According to the data, total FDI inflow grew by 55 percent in the past six years, from 231.37 billion U.S. dollars of FDI during 2008-2014 to 358.29 billion U.S. dollars in 2014-2020. Enditem