Business

India Sees 45% Surge In FDI During April-September

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).

Strong Growth In Key Sectors

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.

Also Read: Suzuki Motorcycle India Reports 8% Sales Growth In November

Quarterly Performance Highlights

  • April-June Quarter: FDI jumped 47.8% to $16.17 billion.
  • July-September Quarter: Inflows grew 43% year-on-year to $13.6 billion, up from $9.52 billion in the same quarter last year.

Comprehensive FDI Figures

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.

Country-Wise FDI Inflows

Key contributors to FDI inflows during April-September included:

  • Singapore: $7.53 billion (up from $5.22 billion)
  • Mauritius: $5.34 billion (up from $2.95 billion)
  • United States: $2.57 billion (up from $2 billion)
  • Netherlands: $3.58 billion (up from $1.92 billion)
  • United Arab Emirates: $3.47 billion (up from $1.1 billion)
  • Cyprus: $808 million (up from $35 million)
    However, inflows declined from Japan and the United Kingdom.

Regional And Sectoral Distribution

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.

Positive Outlook For FDI

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.

Richa Kaushik

Recent Posts

SC Refuses To Lift Firecracker Ban In Delhi-NCR, Cites Severe Pollution

On December 12 last year, the Supreme Court directed Delhi-NCR, Haryana, Uttar Pradesh, and Rajasthan…

16 mins ago

President Donald Trump’s Executive Order Imposes 27% Additional Duty On Indian Goods

Donald Trump’s executive order has raised tariffs on Indian imports by 27%, prompting India’s Commerce…

18 mins ago

Adani Airports Expands DigiYatra Services To Mangaluru & Thiruvananthapuram

Adani Airports has launched DigiYatra at Mangaluru and Thiruvananthapuram airports, enhancing digital passenger services.

19 mins ago

PM Modi Receives Guard Of Honor In Bangkok; Holds Talks With Thai Counterpart

Prime Minister Narendra Modi was accorded a ceremonial Guard of Honor upon his arrival in…

35 mins ago

SC Expresses Displeasure Over Delay In Nithari Murder Case Hearing

The Supreme Court criticized the CBI and UP government for seeking to delay the hearing…

56 mins ago

SC Reserves Verdict On BRS MLAs’ Disqualification; Criticizes Telangana CM

The Supreme Court has reserved its decision on the petition seeking the disqualification of BRS…

1 hour ago