FDI in India has increased by 16% year-on-year to USD 27.1 billion during April-August this year, the Commerce and Industry Ministry said on Tuesday. During April-August last year, India had received FDI worth USD 23.35 billion. The ministry said that the total FDI, which includes reinvested earnings, grew by 13% to USD 35.73 billion.
"It is the highest ever for the first 5 months of a financial year and 13 per cent higher as compared to the first five months of 2019-20 (USD 31.60 billion)," it added.