Foreign direct investment (FDI) into India rose 47.8 per cent to $16.17 billion in April-June in the current financial year due to healthy inflows into the services, computer, telecom and pharma sectors, according to government data. FDI inflow in April-June 2023-24 was $10.94 billion.
The data showed that foreign investment increased to $5.85 billion in May and $5.41 billion in June, from $2.67 billion and $3.16 billion respectively in the same period a year ago. In April, FDI inflows stood at 4.91 billion%, a marginal decline from $5.1 billion in April 2023.
India’s FDI print: Key metrics
Total FDI, which includes equity inflows, reinvested income and other capital, increased by 28 per cent to $22.49 billion during the first quarter of this financial year from $17.56 billion in April-June 2023-24, Promotion of Industry and Internal Trade Department (DPIIT) data shown.
During this period, FDI equity inflows from major countries including Mauritius, Singapore, US, Netherlands, UAE, Cayman Islands and Cyprus increased. However, inflows from Japan, UK and Germany declined. Sector-wise, inflows increased into services, computer software and hardware, telecom, pharma and chemicals.
The data also showed that Maharashtra had received the highest inflows of $8.48 billion during the first quarter of the last financial year. This was followed by Karnataka ($2.28 billion), Telangana ($1.08 billion) and Gujarat ($1.02 billion). There has been a decline in FDI inflows in Delhi and Rajasthan compared to last year.
