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

Gautam Adani Hails Puri Lifeguards As Unsung Heroes During Rath Yatra Visit

Gautam Adani, Chairman of the Adani Group, visited Puri in Odisha during the annual Rath…

4 mins ago

Acharya Pramod Krishnam Slams Congress Over ‘Internal Emergency’ Allegation

Acharya Pramod Krishnam, stirred political debate by claiming an 'internal emergency' still exists within the…

24 mins ago

MRM Meeting: Pledge for Global Peace, Green India, De-addiction & Democratic Integrity

Taking a crucial step toward positive transformation, social reform, and global peace, the Muslim Rashtriya…

30 mins ago

India To Host 2029 World Police & Fire Games; Amit Shah Hails Global Recognition

India has been chosen to host the prestigious 2029 World Police and Fire Games in…

40 mins ago

Seeing The Lord Among Devotees Is The Pinnacle Of Humility: Gautam Adani At Rath Yatra

Gautam Adani, along with his wife and Karan, participated in the Rath Yatra in Puri,…

3 hours ago

PM Modi Interacts With Group Captain Shubhanshu Shukla Aboard The ISS

PM Narendra Modi interacted with Group Captain Shubhanshu Shukla, the first Indian to reach the…

4 hours ago