Total FDI grew by 28% to US$ 22.49 billion during the first quarter. FDI inflows rose from major countries, including Mauritius, Singapore, the US, the Netherlands, and the UAE. Maharashtra received the highest inflow of US$ 8.48 billion.
Foreign direct investment (FDI) in India surged by 47.8% to US$ 16.17 billion during April-June this fiscal year, buoyed by strong inflows into sectors such as services, computers, telecommunications, and pharmaceuticals, according to government data. In comparison, FDI inflows stood at US$ 10.94 billion during the same period in 2023-24.
The data indicates that overseas inflows increased in May to US$ 5.85 billion and in June to US$ 5.41 billion, up from US$ 2.67 billion and US$ 3.16 billion, respectively, in the corresponding months of the previous year. However, in April, FDI inflows saw a slight decrease to US$ 4.91 billion compared to US$ 5.1 billion in April 2023.
Total FDI, which includes equity inflows, reinvested earnings, and other capital, increased by 28% to US$ 22.49 billion in the first quarter of this fiscal year, up from US$ 17.56 billion in April-June 2023-24, according to the Department for Promotion of Industry and Internal Trade (DPIIT).
During this period, FDI equity inflows increased from countries such as Mauritius, Singapore, the US, the Netherlands, the UAE, Cayman Islands, and Cyprus. However, inflows from Japan, the UK, and Germany declined.
Sector-wise, inflows grew in services, computer software and hardware, telecommunications, pharmaceuticals, and chemicals.
State-wise Maharashtra attracted the highest FDI inflow of US$ 8.48 billion in the first quarter, followed by Karnataka with US$ 2.28 billion, Telangana with US$ 1.08 billion, and Gujarat with US$ 1.02 billion. In contrast, FDI inflows decreased in Delhi and Rajasthan compared to the previous year.
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