Gross FDI inflow up by 39.8% YoY in April

In April’ 2021, gross FDI The inflow level is higher in comparison to 2019 as well implying strong recovery with beating the damage caused to investment due to second wave of COVID-19. increased by 39.8% year on year (yoy) and FDI in equity increased by 60% yoy aided by low base. The inflow level is higher in comparison to 2019 as well implying strong recovery with beating the damage caused to investment due to second wave of COVID-19.
Gross inflows includes FDI in equity, reinvested earnings, equity capital of unincorporated bodies and other capital, which hit US$ 6.24 billion in April 2021 incomparison to US$ 4.53 billlion in 2020. The domestic investment has remained low in recent years while the inflows show a robust growth. Investment is critical for economy’s recovery as the private consumption hit hard due to the disruption caused by the pandemic.