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The Department for Promotion of Industry and Internal Trade (DPIIT) in its latest data has said that Foreign Direct Investment (FDI) equity inflows into India contracted by 6 per cent to $16.59 billion during the April-June quarter this fiscal. The inflows had stood at $17.56 billion during the corresponding period of the previous year.

It stated the total FDI inflows (which includes equity inflows, re-invested earnings and other capital) aggregated at $22.34 billion during the first three months of the current fiscal year as against $22.52 billion in the year-ago period. Further, it said Singapore emerged as the top investor during April-June period with $5.7 billion FDI. It was followed by Mauritius ($2.4 billion), UAE ($2.2 billion), USA ($1.5 billion), Netherland ($1 billion), and Japan ($851 million).

Moreover, it mentioned the computer software and hardware sector attracted the highest inflows of $3.5 billion during the three-month period of this fiscal. It was followed by services ($2.6 billion), trading ($2 billion), chemicals ($960 million), automobile industry ($691 million) and construction (infrastructure) activities ($680 million).