India recorded a robust 45% year-on-year growth in foreign direct investment (FDI), attracting $29.79 billion during April-September this fiscal, compared to $20.5 billion in the same period last year, according to data released by the Department for Promotion of Industry and Internal Trade (DPIIT).
The surge was driven by healthy inflows in services, computer software and hardware, telecommunications, pharmaceuticals, and chemicals. Notably, FDI in services rose to $5.69 billion in the first half of this fiscal, compared to $3.85 billion during the same period last year.
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Total FDI, including equity inflows, reinvested earnings, and other capital, rose by 28% to $42.1 billion in the first half of this fiscal, compared to $33.12 billion in April-September 2023-24.
Key contributors to FDI inflows during April-September included:
Maharashtra led FDI inflows with $13.55 billion, followed by Gujarat ($4 billion), Karnataka ($3.54 billion), and Telangana ($1.54 billion). Non-conventional energy also witnessed significant interest, attracting $2 billion during the period.
The significant rise in FDI inflows underscores India’s growing appeal as an investment destination across diverse sectors and regions, despite a mixed performance from traditional investor countries like Japan and the UK.
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