New Delhi: Foreign direct investment (FDI) equity inflows into India declined by 3.4 per cent to US$ 44.42 billion in 2023-24 due to lower investment in sectors like services, computer hardware and software, telecom, auto and pharma, according to the government. data.
FDI inflow during 2022-23 stood at US$ 46.03 billion.
However, inflows rose 33.4 per cent to US$12.3 billion during January-March FY24, compared to US$9.28 billion in the year-ago period.
Total FDI – including equity inflows, reinvested income and other capital – declined marginally by one per cent to USD 70.95 billion during 2023-24 from USD 71.35 billion in 2022-23, Promotion of Industry and Internal Trade As per the data of the department (DPIIT) showed.
The country received the highest ever FDI inflow of US$ 84.8 billion in 2021-22.During the last financial year, FDI equity inflows from major countries including Mauritius, Singapore, US, UK, UAE, Cayman Islands, Germany and Cyprus declined.
However, influx from the Netherlands and Japan increased.
Sector-wise, flows declined in services, computer software and hardware trade, telecom, automobile, pharma and chemicals.
In contrast, construction (infrastructure) activities, development and power sectors recorded healthy growth in flows during the period under review.
FDI equity inflows into India to decline by 22 per cent in 2022-23.The data also revealed that Maharashtra received the highest inflow of US$ 15. billion during the last financial year. In 2022-23 it was US$ 14.8 billion. Similarly, investment in Gujarat increased from US$ 4.7 billion in 2022-23 to US$ 7.3 billion in 2023-24. Increase was also recorded in Tamil Nadu, Telangana and Jharkhand.
Foreign capital inflows into Karnataka to decline from US$10.4 billion to US$6.57 billion in 2022-23.Other states/UTs where FDI declined during the period under review include Delhi, Rajasthan, Uttar Pradesh and Haryana.
FDI inflow during 2022-23 stood at US$ 46.03 billion.
However, inflows rose 33.4 per cent to US$12.3 billion during January-March FY24, compared to US$9.28 billion in the year-ago period.
Total FDI – including equity inflows, reinvested income and other capital – declined marginally by one per cent to USD 70.95 billion during 2023-24 from USD 71.35 billion in 2022-23, Promotion of Industry and Internal Trade As per the data of the department (DPIIT) showed.
The country received the highest ever FDI inflow of US$ 84.8 billion in 2021-22.During the last financial year, FDI equity inflows from major countries including Mauritius, Singapore, US, UK, UAE, Cayman Islands, Germany and Cyprus declined.
However, influx from the Netherlands and Japan increased.
Sector-wise, flows declined in services, computer software and hardware trade, telecom, automobile, pharma and chemicals.
In contrast, construction (infrastructure) activities, development and power sectors recorded healthy growth in flows during the period under review.
FDI equity inflows into India to decline by 22 per cent in 2022-23.The data also revealed that Maharashtra received the highest inflow of US$ 15. billion during the last financial year. In 2022-23 it was US$ 14.8 billion. Similarly, investment in Gujarat increased from US$ 4.7 billion in 2022-23 to US$ 7.3 billion in 2023-24. Increase was also recorded in Tamil Nadu, Telangana and Jharkhand.
Foreign capital inflows into Karnataka to decline from US$10.4 billion to US$6.57 billion in 2022-23.Other states/UTs where FDI declined during the period under review include Delhi, Rajasthan, Uttar Pradesh and Haryana.
