FDI equity inflows fall 34% to $10.9 bn in Q1

In the span of April to June for the fiscal year 2023-24, there was a noticeable decrease in foreign direct investment (FDI) flowing into India. Government data reveals that FDI saw a decline of 34%, amounting to $10.94 billion. This is in stark contrast to the figures from the same period in the preceding fiscal year, April-June 2022-23, where FDI inflows were recorded at $16.59 billion. The data, sourced from the Department for Promotion of Industry and Internal Trade (DPIIT), underscores this decline.

 

Countries such as Mauritius, Singapore, the United States, and the United Arab Emirates (UAE) experienced a decrease in FDI contribution during this period of April to June in the fiscal year 2023-24. This decline in FDI was particularly prominent in sectors including computer hardware and software, trading, automobiles, and pharmaceuticals. This data signals a significant shift in investment patterns and highlights sectors that are currently facing reduced foreign investment interest.

 

Source: Media Reports

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