FDI: FDI inflows rose 47.8 percent to USD 16.17 billion in April-June 2024, figures released

New Delhi| Foreign direct investment in India rose 47.8 per cent to USD 16.17 billion in April-June this fiscal year on healthy flows in the services, computers, telecommunications and pharma sectors, according to data released by the government. FDI inflows were USD 10.94 billion in April – June 2023-24. The data showed that foreign inflows increased to USD 5.85 billion in May and USD 5.41 billion in June, up from USD 2.67 billion and USD 3.16 billion respectively in the year-ago period. In April, FDI inflows declined marginally to USD 4.91 billion against USD 5.1 billion in April 2023. Total FDI, which includes equity inflows, reinvested earnings and other capital, increased by 28 per cent to USD 22.49 billion during the first quarter of this fiscal year. According to data from the Department for Promotion of Industry and Internal Trade (DPIIT) it was USD 17.56 billion in April – June 2023-24.

During this period, FDI equity flows from major countries including Mauritius, Singapore, the US, the Netherlands, the UAE, the Cayman Islands and Cyprus increased. However, flows from Japan, the UK and Germany declined. Sector wise, inflows into services, computer software and hardware, telecommunications, pharma and chemicals increased.

According to the data, Maharashtra had the highest investment of $8.48 billion in the first quarter. It was followed by Karnataka (US$2.28 billion), Telangana (US$1.08 billion) and Gujarat (US$1.02 billion). FDI inflows to Delhi and Rajasthan declined compared to the same period a year ago.