CURRENT AFFAIRS

Detailed explanation-1: -Computer Software and Hardware becomes the top recipient sector of FDI Equity inflow with a share of around 25% India has recorded highest ever annual FDI inflow of USD 83.57 billion in the Financial Year 2021-22.

Detailed explanation-2: -According to the information provided by the Ministry of Commerce & Industry, the highest share of FDI in the country is received by computer software & hardware and automobile industry, both these sectors collectively cross more than 50% of FDI inflow in the year 2021-22.

Detailed explanation-3: -This constitutes an ‘endorsement’ of India’s status among global investors, says Ministry of Commerce and Industry. Photo used for illustration purpose only. The Foreign Direct Investment [FDI] in the Financial Year 2021-22 has touched a “highest ever” figure of $83.57 billion.

Detailed explanation-4: -FDI in India 2022: Karnataka, Maharashtra highest FDI states in India in FY 2021-22. FDI in India 2022: The highest FDI in India was from two countries Singapore and USA in FY 2021-22, with Singapore accounting for 27.01 percent of the FDI equity inflows in India and US for 17.94 percent.

Detailed explanation-5: -FDI inflows in India stood at USD 45.15 billion in 2014-2015 and have continuously increased since then, and India registered its highest-ever annual FDI inflow of USD 84.84 billion (provisional figures) in the financial year 2021-22, he said.