FDI rich in income in the country
Foreigners’ love for the ‘golden bird’ i.e. India still continues. That is why even today they are investing heavily in India for business. If we look at the Foreign Direct Investment (FDI) figures, India continues to be one of the most attractive places in the world for investment. Not only this, it also recorded a 47.8 per cent increase in the first quarter (April-June) of the fiscal year 2024-25.
In the April-June quarter of this financial year, foreign direct investment (FDI) in the country increased by 47.8 per cent to $16.17 billion. FDI has increased due to improved capital flow in the services, IT, telecommunications and pharmaceutical sectors.
This is how FDI figures changed
If we look at the government data, in the April-June quarter of the previous financial year 2023-24, FDI worth $10.94 billion entered the country. While in May this year, the country’s foreign direct investment reached $5.85 billion and in June it reached $5.41 billion. In the same period of the previous year, it was $2.67 billion and $3.16 billion, respectively.
read this too
This year, FDI fell slightly in April, reaching $4.91 billion compared to $5.1 billion in April last year.
According to the Department for Promotion of Industry and Internal Trade (DPIT), total FDI inflow this year rose 28 per cent to $22.49 billion in the first quarter of the current fiscal year, up from $17.56 billion in April-June in the last fiscal year 2023-24. Equity, reinvested income and other capital are included in the total FDI inflow.
Which countries showered love on India?
Looking at the FDI data for the April-June period, during this period FDI inflows in equity have increased from many major countries including Mauritius, Singapore, the United States, the Netherlands, the United Arab Emirates, the Cayman Islands and Cyprus. At the same time, there has been a decline in FDI from Japan, Britain and Germany.
Sector-wise, capital inflows have increased in services, computer software and hardware, telecom, pharma and chemicals. During the first quarter of the last financial year, Maharashtra had received the maximum investment of $8.48 billion. This was followed by Karnataka ($2.28 billion), Telangana ($1.08 billion) and Gujarat ($1.02 billion).
