According to official data, in 2021-22, FDI equity inflows to India contracted marginally by 1 per cent to $58.77 billion. Data from the Department for the Promotion of Industry and Domestic Trade (DPIIT) showed that FDI equity inflows in 2020-21 stood at $59.63 billion.

However, total FDI to India in 2021-22 rose by 2 per cent to a “highest ever” $83.57 billion. Total FDI inflows include equity inflows, reinvested earnings and other capital. During 2021-22, Singapore tops the list with US$15.87 billion in investment. The data shows that it is followed by the US ($10.55 billion), Mauritius ($9.4 billion), the Netherlands ($4.62 billion), the Cayman Islands ($3.81 billion) and the UK ($1.65 billion).

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The computer software and hardware segment attracted the highest inflow of $14.5 billion in the last fiscal year. This is followed by services ($7.1 billion), automotive ($7.0 billion), trade ($4.5 billion), construction (infrastructure) activities ($3.3 billion) and pharmaceuticals ($1.4 billion, according to data).