NEW DELHI, Mar 3: Foreign direct investment (FDI) in India fell by 5.6 percent year-on-year to USD 10.9 billion for the October-December quarter of this fiscal year, primarily due to global economic uncertainties, as reported by government data.
FDI inflows for the October-December 2023-24 period amounted to USD 11.55 billion.
Data from the Department for Promotion of Industry and Internal Trade (DPIIT) indicated that in the July-September quarter of the current fiscal year, inflows surged by approximately 43 percent year-on-year to USD 13.6 billion, while the preceding April-June quarter saw a remarkable increase of 47.8 percent annually to USD 16.17 billion.
Overall, during the April-December 2024-25 period, cumulative inflows showcased a growth of 27 percent, reaching USD 40.67 billion compared to USD 32 billion in the equivalent timeframe of 2023-24.
Total FDI, encompassing equity inflows, reinvested earnings, and other capital, rose by 21.3 percent to USD 62.48 billion during the initial nine months of this fiscal, up from USD 51.5 billion in April-December 2023-24.
For the April-December 2024-25 period, FDI equity inflows saw increases from several key countries, including Singapore (USD 12 billion compared to USD 7.44 billion), the US (USD 3.73 billion versus USD 2.83 billion), the Netherlands (USD 4 billion versus USD 2.27 billion), the UAE (USD 4.14 billion versus USD 2.43 billion), Cayman Islands (USD 296 million compared to USD 215 million), and Cyprus (USD 1.18 billion versus USD 796 million).
However, inflows decreased from Mauritius, Japan, the UK, and Germany.
By sector, inflows increased in services, computer software and hardware, trading, telecommunications, automotive, and chemicals.
Investment in services rose to USD 7.22 billion during the first nine months of the current financial year, up from USD 5.18 billion in the same period the previous year.
According to the data, FDI inflows in non-conventional energy were reported at USD 3.5 billion.
The analysis also revealed that Maharashtra received the highest FDI inflow of USD 16.65 billion during April-December 2024-25, followed by Karnataka (USD 4.5 billion) and Gujarat (approximately USD 5.56 billion). (PTI)
