FDI In Computer Software & Hardware Hikes To $24.4 Billion

  • On Sunday, Department for Promotion of Industry and Internal Trade (DPIIT) report shows Foreign Direct Investment (FDI) in computer software and hardware rose four times to USD 24.4 billion from April – December 2020-21.

  • Whereas, a year ago the sector gained USD 6.4 billion FDI. Digitalization has increased the use of artificial intelligence in the pandemic. So the opportunities for the computing sector arose as well.

  • According to a report, there is an increase in FDI as electronic and digital goods are transforming the world.

  • The sectors that have been growing in foreign inflows are- infrastructure and pharmaceutical.

  • FDI in the telecommunication business has also increased to USD 357 million from USD 4.3 billion. However, the high-end technology used in lockdown had focused on the global investment in IT sectors.


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