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Foreign Direct Investment decreased by 34 percent in April-June quarter, compared to last year
FDI: Foreign direct investment (FDI) declined by 34 percent to $10.94 billion during the April-June quarter due to lower inflows into computer hardware and software, telecom, auto, and pharma sectors. FDI of $ 16.85 billion came in the same period a year ago. During January-March 2023, FDI registered a decline of 40.55 percent and stood at $9.28 billion.
Foreign direct investment (FDI) declined by 34 percent to $10.94 billion during the April-June quarter due to lower inflows into computer hardware and software, telecom, auto, and pharma sectors. FDI of $ 16.85 billion came in the same period a year ago.
During January-March, 2023, FDI registered a decline of 40.55 percent and stood at $9.28 billion. According to the Department for Promotion of Industry and Internal Trade (DPIIT), month-on-month FDI inflows stood at $5.1 billion in April, $2.67 billion in May and $3.16 billion in June. Whereas in the same period a year ago, it was $ 6.46 billion, $ 6.15 billion, and $ 3.98 billion respectively.
Total FDI (equity inflows, reinvestment income, and other capital) in the first quarter of the current financial year also declined by 21.4 percent to $17.56 billion as against $22.34 billion in April-June 2022. FDI inflows from major countries including Singapore, Mauritius, the US, the UK, and UAE declined during the April-June quarter.
