Thursday, December 12, 2024

Big jump of 45 percent in FDI, maximum foreign investment came in these sectors – Global News Desk

HomeBusinessBig jump of 45 percent in FDI, maximum foreign investment came in these sectors - Global News Desk

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foreign direct investment There has been a big jump. Foreign direct investment (FDI) in India increased by 45 per cent year-on-year to $29.79 billion in the April-September period of the current financial year due to good investment in service sector, computer, telecom and pharma sectors. This information was given in government figures. FDI inflow in the same period of last financial year was $20.5 billion. In the July-September quarter, inflows grew nearly 43 per cent year-on-year to $13.6 billion as against $9.52 billion in the same quarter last fiscal. Foreign direct investment in India increased by 47.8 percent to $16.17 billion in the April-June quarter.

Information obtained from DPIIT data

Data from the Department for Promotion of Industry and Internal Trade (DPIIT) showed that total FDI, which includes equity inflows, reinvested earnings and other capital, increased by 28 per cent to $42.1 billion during the first half of the current fiscal year, ending April. -It was 33.12 billion dollars in September 2023-24. During the April-September period in the current financial year, FDI equity inflows from major countries increased. These include Mauritius ($5.34 billion against $2.95 billion), Singapore ($7.53 billion against $5.22 billion), America ($2.57 billion against $2 billion), Netherlands ($3.58 billion against $1.92 billion), UAE. ($3.47 billion against $1.1 billion), Cayman Islands ($235 million against $145 million) and Cyprus ($808 million against $35 million).

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Investments from Japan and Britain fell

However, flows from Japan and Britain declined. Sector-wise, investment has increased in services, computer software and hardware, trading, telecommunications, automobile, pharma and chemical sectors. FDI in services has increased to $5.69 billion during the first half of the current financial year, compared to $3.85 billion in the same period last year. According to the data, FDI inflow in non-conventional energy stood at two billion dollars. The data showed that Maharashtra received the highest investment of $13.55 billion during April-September 2024-25. This was followed by Karnataka ($3.54 billion), Telangana ($1.54 billion) and Gujarat (about $4 billion).



Image Credit: India_Tv.

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