FDI inflows jumped 45% from April to September 2024 to US$29.79 billion

FDI inflows jumped 45% from April to September 2024 to US$29.79 billion

2024-12-01 17:23:42 :

New Delhi, Dec 1 (PTI) India’s foreign direct investment rose 45 per cent year-on-year to $29.79 billion in April-September this fiscal year, with healthy inflows in the services, computer, telecom and pharmaceutical sectors, according to government data.

FDI inflows from April to September 2023-24 were USD 20.5 billion.

Inflows rose about 43% year-on-year to $13.6 billion in the July-September quarter, compared with $9.52 billion in the same quarter of the previous fiscal year.

Foreign direct investment in India rose 47.8% to $16.17 billion in the April-June quarter.

The Ministry of Industry and Home Promotion said total foreign direct investment (including equity inflows, reinvested earnings and other capital) in the first half of the current fiscal year rose 28% to $42.12 billion from $33.12 billion in April-September 2023-24. billion dollars. Trade (DPIIT) data shows.

Between April and September of this fiscal year, FDI equity inflows increased in major countries, including Mauritius ($5.34 billion, $2.95 billion), Singapore ($7.53 billion, $5.22 billion), the United States ($2.57 billion, 2.0 billion U.S. dollars). billion), the Netherlands ($3.58 billion versus $1.92 billion), the United Arab Emirates ($3.47 billion versus $1.92 billion), the Cayman Islands ($235 million versus $145 million) and Cyprus ($808 million versus $3500 million U.S. dollars).

However, inflows from Japan and the UK fell.

From an industry perspective, services, computer software and hardware, trade, telecommunications, automobiles, pharmaceuticals and chemicals saw increased inflows.

Foreign direct investment in services rose to US$5.69 billion in the first half of the current fiscal year, compared with US$3.85 billion in the same period last year.

Data shows that FDI inflows in the non-traditional energy sector were US$2 billion.

The data also showed that Maharashtra received the highest inflow of $13.55 billion from April to September 2024-25. This is followed by Karnataka ($3.54 billion), Telangana ($1.54 billion) and Gujarat (about $4 billion).

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