Thursday, December 5, 2024
Thursday, December 5, 2024
Home BuisnessMarket Insight Q2 FDI inflows rose 43% year-on-year to $13.6 billion

Q2 FDI inflows rose 43% year-on-year to $13.6 billion

by PratapDarpan
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Foreign direct investment (FDI) equity inflows into India rose 43.1% year-on-year to $13.6 billion in July-September of the current fiscal, data released by the Department for Promotion of Industry and Internal Trade (DPIIT) on Friday showed.

FDI inflows were $9.5 billion in the year-ago period. Total FDI, which includes equity inflows, reinvested earnings and other capital, rose 29.4% year-on-year to $19.8 billion in the second quarter of FY25.

According to the data, FDI in the August quarter was the highest at $6.3 billion as against $2.9 billion a year earlier.

FDI equity inflows rose 47.8% year-on-year to $16.17 billion during April-June in the current financial year.

According to the data, FDI equity inflows rose 45% to $29.7 billion in the first half of the fiscal year, with Singapore the top source of investment after Mauritius.

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    Singapore invested $7.5 billion while Mauritius invested $5.3 billion in April-September FY25.

    Among the sectors, services, computer software and hardware witnessed the maximum inflows and accounted for $5.69 billion, $4.19 billion and $2.72 billion respectively in April-September 2024-25.

    Services include banking, financial services and insurance, outsourcing as well as R&D.

    Maharashtra received the highest inflows of $13.55 billion in the first half of this fiscal. It was followed by Gujarat at $3.9 billion and Karnataka at $3.5 billion in the first half.

    India aims to increase FDI inflows from $70-80 billion to $100 billion annually in line with the focus on Make in India.

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