FDI equity inflows in India drop 24% to $20.48 billion in April-September 2023: DPIIT
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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.
