The increase in net FDI inflows was due to the 60.7-per cent growth in non-residents' net investments in debt instruments to $839 million in the month from $522 million in the same month in the preceding year.
Likewise, non-residents’ net investments in equity capital (other than reinvestment of earnings) rose by 34.1 per cent to $100 million in the month from $74 million in the same month in 2023, an official release said.
Meanwhile, the growth in FDI inflows was moderated by a marginal contraction in non-residents’ reinvestment of earnings. This decreased by 0.9 per cent to $83 million in October 2024 from $84 million in October 2023.
Equity capital placements in October 2024 came largely from Japan, the United States and Singapore, directed primarily to the manufacturing, real estate and construction sectors.
The January-October 2024 FDI net inflows were worth $7.7 billion—a growth of 8.2 per cent year on year.
ALCHEMPro News Desk (DS)
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