April-November FY22 FDI inflows at $54.1 billion: Govt to Parliament

India received foreign direct investment of $54.1 billion in April-November 2021-22, Parliament was informed on Wednesday. Computer software and hardware attracted the highest investment at $9.06 billion followed by the automobile sector at $5.84 billion and services sector at $4.94 billion during the period, commerce and industry minister Piyush Goyal told the Lok Sabha.

Startup funding
The government told the Lok Sabha that as on January 31, 2022, the number of startups recognised in the last three financial years years were 54,181.

In a separate reply, Minister of State for commerce and industry Som Parkash said that as on January 31, 2022, Rs 6,495 crore has been committed by the Fund of Funds for Startups Scheme to 80 Alternative Investment Funds which in turn have committed investments of Rs 8,696 crore in 568 startups. Also, Rs 250.75 crore has been approved as grant to 63 incubators under the Startup India Seed Fund Scheme, he said.


China imports
The import of toys, games, sports equipment is exhibiting a declining trend both from China and the world, Parliament was informed on Wednesday. In order to restrict the import of substandard toys, the Government has issued Toys (Quality Control ) Order, 2020 through which toys have been brought under compulsory Bureau of Indian Standards(BIS) certification.