The report said developed economies saw the biggest rise by far, with FDI reaching an estimated USD 777 billion in 2021 - three times the exceptionally low level in 2020.
In that fiscal, the country received FDI worth USD 55.55 billion, an increase of 35 per cent over the previous year.
The respondents from Japan and Singapore currently view Vietnam as their preferred investment destination, as per the report.
Once again India has crossed a foreign direct investment milestone. What investors are really putting in money for is a sense, an anticipation, of mobility in the Indian economy
Total FDI inflow rose to USD 22.53 billion during the first three months of 2021-22 as against USD 11.84 billion in the same period of the last year.
In terms of top investor countries, Singapore is at the top with 29 per cent share. It was followed by the US (23 per cent) and Mauritius (9 per cent) during the last fiscal.
The finance minister said that a majority of the directors in the board of these insurance companies will have to be resident Indians.
In the Budget speech, Union Finance Minister Nirmala Sitharaman had proposed relaxation in FDI norms for certain sectors including aviation.
To woo Foreign Direct Investment, nation must be secure from external, internal threats: Army Chief Bipin Rawat
Rawat said that the economic development in India, military modernisation and the existence of the armed forces have to go hand in hand.
The Cabinet allowed overseas investors to invest 100 per cent FDI in single-brand retail trading and construction development without any government approval.