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276 Economic Survey 2021-22

45.14 billion in 2014-15 and have continuously increased since then. India registered its highest
ever annual FDI inflow of US$ 81.97 billion (provisional) in the2020-21 reflecting a growth of 10
percent as compared to the previous year. The increase has been on the back of growth of 20 per cent
in 2019-20. In the year 2021-22, FDI inflow grew by 4 per cent in the first six months to reach US$
42.86 billion as compared to US$ 41.37 billion for the same period of last year.
8.14 Over the last seven financial years (2014-21), India received FDI inflow worth US$ 440.27
billion which is nearly 58 percent of the FDI received by the country in the last 21 years (US$ 763.83
billion).

8.15 Several initiatives (Box 1) have been taken by the Government since April 2020 to further
reform the FDI policy framework to ensure against opportunistic takeovers and acquisitions
while also facilitating an increased flow of long-term capital, global technology, processes and
international best practices to support the growth of these sectors.

Figure 14: Total FDI Inflows

Source: Survey calculation based on data from DPIIT. #April to Sept 2021

Figure 15: FDI Equity Inflows in Manufacturing & Non-Manufacturing Sector

Source: Survey calculation based on data from DPIIT. # April to Sept 2021