In 2021-22, the country received the highest ever foreign inflows of $83.6 billion, The Hindu Business Line reported.
This FDI has come from 101 countries, and invested across 31 union territories and states and 57 sectors in the country.
To attract foreign investments, the Indian government has put in place a liberal and transparent policy wherein most sectors are open to FDI under the automatic route.
Under the automatic route, the investor needs no or very little permission from the Reserve Bank of India (RBI) or the Government, while under the government route, the approval of the relevant government authorities or the RBI is required.
The reform measures include liberalization of guidelines and regulations, in order to reduce unnecessary compliance burden, bring down cost and enhance the ease of doing business in India, it added.