SECTORS ATTRACTING SIGNIFICANT FDI IN INDIA IN 2019-20
1 RISING FDI IN INDIA
Foreign Direct Investments (FDI) in India has witnessed a positive trend since the launch of the Make in India campaign in 2014. FDI inflow from April 2014 to March 2020 (USD 357.35 Bn) is 52.5% of the overall FDI received in the country since April 2000 (USD 680.91 Bn). For the first time, India has crossed the USD 70 Bn mark in FY 2019-20 and recorded total FDI inflow of USD 73.45 Bn.
2 SERVICE SECTOR
The Service sector in India includes Financial, Banking, Insurance, Non-Financial/ Business, Outsourcing, Research and Development (R&D), Courier, Tech, Testing and Analysis services. It has the highest contribution of 17% amongst other sectors in terms of total FDI inflow received in the country during April 2000 - March 2020. It also witnessed the highest FDI equity inflow of USD 7.85 Bn in FY 2019-20.
3 AUTO AND AUTO COMPONENTS SECTOR
The Automobile sector in India witnessed a growth of 35.12% in FDI during the last two fiscals (FY 2017-18 to FY 2019-20). FDI equity inflow increased to USD 2.82 Bn during FY 2019-20. The FDI equity inflow received by the sector in FY 2019-20 is 12% of the total equity inflow received by the sector since April 2000 (USD 24.21 Bn).