FDI inflows down 34 per cent year-on-year in April-June FY24

2023-08-27 12:24:13

Foreign direct investment (FDI) into India declined 34% on-year to $10.94 billion during April-June period this fiscal.

FDI inflows were $16.59 billion during April-June 2022-23, data released by the Department for Promotion of Industry and Internal Trade (DPIIT) showed.

Total FDI inflows- including fresh FDI equity inflows, reinvested earnings and other capital- were $17.56 billion as once morest $22.34 billion a year ago.

Singapore was the top source of FDI with inflows of almost $3 billion, followed by The Netherlands at $1.5 billion.

FDI from Mauritius, Singapore, the US and the UAE declined in the first quarter of FY24.

Inflows dipped in segments including computer hardware and software, trading, automobile and pharma. Services, computer software and hardware, and construction activities (infrastructure) were the top recipients of inflows from abroad.Among states, Maharashtra, Delhi and Karnataka garnered the most FDI in April-June FY24, according to the data.

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