FDI grew to US$ 84.84 billion in 2021-22: Centre

New Delhi: Minister of State for Commerce and Industry Som Parkash on Wednesday said India registered its highest ever annual FDI inflow of US$ 84.84 billion (provisional figures) in FY 2021-22.

“The reforms taken by the government have resulted in increased FDI inflows in the country. FDI inflows in India stood at US $ 45.15 billion in 2014-2015 and have continuously increased since then, and India registered its highest ever annual FDI inflow of US$ 84.84 billion (provisional figures) in the financial year 2021-22,” he said in reply to a parliament question today.

Keeping in view India’s vision of becoming Atmanirbhar and to enhance India’s manufacturing capabilities and exports, an outlay of Rs 1.97 lakh crore has been announced in Union Budget 2021-22 for PLI schemes for 14 key sectors of manufacturing, starting from FY 2021-22, Parkash said.

As per Economic Survey 2021-22, in spite of Covid related disruptions there is a trend of positive overall growth of Gross Value Addition (GVA) in the manufacturing sector, he said.

The total employment in this sector has increased from 57 million in the year 2017-18 to 62.4 million in the year 2019-20, Parkash said.

The activities under the Make in India initiative are also being undertaken by several Central Government Ministries/Departments and various State and UTs Governments, he said.

Ministries formulate action plans, programmes, schemes and policies for the sectors being dealt by them, while States also have their own Schemes for attracting investments, he said.

UNI

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