FDI inflows into India drops by 34% YoY in Q1 FY24

29 Aug '23

1 min read

Pic: sdx15 / Shutterstock

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Foreign direct investment (FDI) into India dropped by 34 per cent to $10.94 billion in the first quarter (Q1, April-June) this fiscal from $16.59 billion during the same period in the last, official statistics show.
FDI reduced from many countries, including the US, UAE, Singapore and Mauritius.
Maharashtra, Delhi and Karnataka received the most FDI in the quarter.

Foreign direct investment (FDI) into India dropped by 34 per cent to $10.94 billion in the first quarter (Q1, April-June) this fiscal from $16.59 billion during the same period in the last, data from the department for promotion of industry and internal trade (DPIIT) show.

FDI reduced from many countries, including the United States, the United Arab Emirates, Singapore and Mauritius, and in many sectors, such as computer hardware and software, trading, automobile and pharmaceuticals.

Services, computer software and hardware, and infrastructure were the top sectoral FDI recipients, a news agency reported.

Maharashtra, Delhi and Karnataka received the most FDI among the states in the quarter.

ALCHEMPro News Desk (DS)

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