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The Department for Promotion of Industry and Internal Trade (DPIIT) in its latest data has showed that Foreign Direct Investment (FDI) equity inflows into India contracted by 14 per cent to USD 26.9 billion during the April-September (first half) this fiscal (FY23). The inflows had stood at USD 31.15 billion during the corresponding period of the previous year. The total FDI inflows (which includes equity inflows, re-invested earnings and other capital) too declined to USD 39 billion during the first six months of the current fiscal year as against USD 42.86 billion in the year-ago period.

Further, it mentioned during the first half of this fiscal, Singapore emerged as the top investor with USD 10 billion FDI. It was followed by Mauritius (USD 3.32 billion), UAE (USD 2.95 billion), USA (USD 2.6 billion), the Netherlands (USD 1.76 billion), and Japan (USD 1.18 billion), the data showed.

Besides, it showed that the computer software and hardware sector attracted the highest inflows of USD 6.3 billion during the six-month period of this fiscal. It was followed by services (USD 4.16 billion), trading (USD 3.28 billion), chemicals (USD 1.3 billion), automobile industry (USD 932 million) and construction (infrastructure) activities (USD 990 million).