FDI: FDI equity inflows dip 34% to $10.94 bn in April-June

2023-08-27 10:24:46

Foreign direct investment (FDI) into India dipped by 34 per cent to $10.94 billion during April-June period this fiscal year, according to the Department for Promotion of Industry and Internal Trade (DPIIT).

FDI inflows stood at $16.59 billion during April-June 2022-23, the data from DPIIT showed.

According to the data, FDI dipped from countries including Mauritius, Singapore, the US and the UAE during April-June 2023-24.

Inflows dipped in segments including computer hardware and software, trading, automobile and pharma.

Maharashtra was the top destination for FDI, followed by Karnataka, Gujarat and Delhi.

India had gained one notch to emerge the seventh highest FDI recipient in calendar 2021 despite inflows shrinking regarding 30% to $45 billion from $64 billion in 2020, according to the United Nations Conference on Trade and Development. Global FDI flows recovered to pre-pandemic levels in 2021, reaching nearly $1.6 trillion.

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