As per the Department for Promotion of Industry and Internal Trade, the services, computer software, and non-conventional energy sectors accounted for the majority of the 48% year-over-year increase in Foreign Direct Investment (FDI) equity flows into India during the April-June quarter, which amounts to $16.1 billion.
Trading, medicine, chemicals, cars, and telecom are among the industries that attracted a lot of interest from foreign investors. Financial, banking, and business outsourcing are all included in the service sector, which saw $3.9 billion in foreign direct investment (FDI) from April to June of this year, compared to $6.6 billion in the same time the previous year.
The amount invested in computer hardware and software fell to $2.7 billion from $7.9 billion in the previous year. Trade saw a drop in FDI from $3.8 billion to $460 million. FDI in the non-conventional energy sector dropped from $3.7 billion to $1.0 billion.
The majority of the $3.9 billion in FDI that came in between April and June went via Singapore. With $3.2 billion in inflows, Mauritius was the second-largest source of FDI during that time, after the Netherlands ($2.4 billion).
In the first quarter of the current fiscal year, total foreign direct investment (FDI), which comprises stock inflows, reinvested earnings, and other capital, increased by 28% to $22.49 billion from $17.56 billion in April–June 2023–24. FDI equity inflows fell 3.5% annually to $44.4 billion in 2023–2024.
