IGI Logo

The data from the Department for Promotion of Industry and Internal Trade (DPIIT) has showed that foreign direct investment (FDI) equity inflows in India declined 24 per cent to $20.48 billion in April-September 2023 (first six months of current financial year), dragged by lower inflows in computer hardware and software, telecom, auto and pharma. FDI equity inflows stood at $26.91 billion during the first six months of the last fiscal.

Further, it showed that the total FDI - which includes equity inflows, reinvested earnings and other capital - contracted 15.5 per cent to $32.9 billion during the period under review against $38.94 billion in April-June 2022. 

During the six months of this fiscal, FDI equity inflows decreased from major countries, including Singapore, Mauritius, the US, the UK, and UAE. Besides, it highlighted State-wise, though Maharashtra received the highest inflow of $7.95 billion during the period, it was down compared to $8 billion in the same period last year. Similarly, overseas inflows in Karnataka plunged to $2.84 billion in April-September 2023 from $5.32 billion in the same period last year.