FDI inflows increase 45% to $29.79 billion during Apr-Sep quarter
- IBEF
- December 2, 2024
Foreign direct investment (FDI) in India experienced a significant increase of 45% year-on-year, reaching US$ 29.79 billion during the first half of the fiscal year 2024. This surge is attributed to robust inflows in sectors such as services, telecommunications, computer technology, and pharmaceuticals. Notably, FDI inflows amounted to US$ 20.5 billion in the same period of the previous fiscal year. In the July-September quarter alone, FDI rose by approximately 43% to US$ 13.6 billion, compared to US$ 9.52 billion in the corresponding quarter last year, reflecting strong investor confidence in the Indian economy.
The total FDI, which encompasses equity inflows, reinvested earnings, and other capital, increased by 28% to US$ 42.1 billion in the first half of this fiscal year, up from US$ 33.12 billion in the previous year. Major contributors to this growth included Mauritius, Singapore, the United States, and the Netherlands, while inflows from Japan and the UK declined. Sector-wise, investments surged in services, computer software, telecommunications, and pharmaceuticals, with Maharashtra attracting the highest inflow of US$ 13.55 billion, followed by Karnataka, Telangana, and Gujarat.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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