FDI inflows drop 13% to $32 billion between April and December of 2023

rupee dollar

The inflow of foreign direct investment (FDI) into India fell 13% to $32.03 billion between April and December 2023. The fall was primarily caused by lower FDI into the computer hardware and software, telecom, auto, and pharmaceutical sectors.

36.74 billion dollars in foreign direct investment (FDI) came in over the same nine months of the previous fiscal year.However, inflows increased by 18% to $11.6 billion in the October–December quarter of the current fiscal year compared to $9.83 billion in the corresponding period of 2022–2023.

According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), total FDI, which includes equity inflows, reinvested earnings, and other capital, decreased by roughly 7% to $51.5 billion during the period under review compared to $55.27 billion in April–December 2022.

Maharashtra was the state that received the largest inflow at that time, coming in at $12.1 billion. A year ago, it was $10.76 billion within the same time frame.

Leave a Reply

Your email address will not be published. Required fields are marked *