23-09-2024 12:36 PM | Source: Accord Fintech
India`s net FDI rises $5.5 billion during April-July period of FY25: RBI
News By Tags | #RBI #India #Economy #FDI

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

The Reserve Bank of India’s (RBI) in its latest data has indicated that India's net foreign direct investment (FDI) rose to $5.5 billion during the April-July period of the current financial year (FY25) as compared to $3.8 billion in the same period last year. The gross inward FDI grew by 23.6 per cent year-on-year to $27.7 billion during the April-July period from $22.4 billion in the same period last year.  

As per the data, repatriation and divestment by foreign investors in India increased to $15.9 billion in the first four months of FY25 as compared to $14.7 billion in the year-ago period. With more than three-fourths of the flows, the major source countries were Singapore, Mauritius, the Netherlands, the US, Belgium and Japan. Non-resident deposits recorded net inflows of $5.8 billion during April-July 2024 as compared with $3 billion a year ago, with higher inflows in all three accounts. Manufacturing, financial services, communication services, computer services, electricity, and other energy sectors accounted for more than three-fourths of the gross FDI inflows.

It further said net FDI flow dropped sharply to $9.8 billion in FY24 from $28 billion in the previous year. In FY22, net FDI flows into the country were $38.6 billion. Net foreign portfolio investment (FPI) was to the tune of $4.3 billion during August, the third consecutive month of net inflows.