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

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