India's FDI equity inflows contract 24% in H1 FY24

In FY23, the equity investments from overseas had declined by a fifth to $46.03 billion, the levels seen in the previous years.

However, some improvement was witnessed in September this year as investments rose to $4.08 billion compared to $2.97 billion in the same month last year.

FDI into India decreased by 7.3 per cent YoY in the second quarter (Q2, or July-September) of FY24 to $9.54 billion, government statistics showed. Such inflows were worth $10.3 billion during Q2 FY23.

Most of the FDI in April-September—around $5.2 billion—was routed through Singapore. Mauritius was the second biggest source of FDI during the period with inflows of $2.9 billion, followed by Japan at $2.09 billion and the United States at $2.05 billion.

ALCHEMPro News Desk (DS)