New Delhi: India witnessed a 18 percent jump in foreign direct investment, up from $39.32 billion in 2015, to touch $46 billion in 2016. Bulk of the FDI came in from Japan, Mauritius, Singapore and the Netherlands.
According to the DIPP data, the main sectors which attracted the highest foreign inflows include services, telecom, trading, computer hardware and software and automobile.
India is attracting strong foreign investment flows as the country is one of the fastest economy at a time when global growth is anaemic.
IMF said the economy is in a “fairly good shape” and it is likely to be less affected than other emerging economies if there is a further shock to the global economy.
“We’ve seen pretty tepid global growth rates. If there’s any adverse shock to the global growth and thereby global demand, we think India will not be unaffected but will be less affected,” said P.A. Cashin, IMF’s mission chief of India.