FDI inflows increase 45% to $29.79 billion during Apr-Sep quarter

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FDI inflows increase 45% to $29.79 billion during Apr-Sep quarter - Business Standard

Quick Summary:

Foreign direct investment in India rose by 45 per cent year-on-year to USD 29.79 billion in April-September this fiscal on healthy inflows in services, computer, telecom and pharma sectors, according to government data.

Total FDI, which includes equity inflows, reinvested earnings and other capital, grew by 28 per cent to USD 42.1 billion during the first half of this fiscal from USD 33.12 billion in April-September 2023-24, the Department for Promotion of Industry and Internal Trade (DPIIT) data showed.

In the July-September quarter, the inflows grew by about 43 per cent year-on-year to USD 13.6 billion against USD 9.52 billion in the same quarter last fiscal.