60% decline in FDI inflows in the first quarter

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Mumbai, Ta. 24 September 2020, Thursday

From April to June this year, foreign direct investment (FDI) equity inflows in the country fell by 20 per cent year-on-year to ૬ 2.3 billion, according to figures from the Department for the Promotion of Industry and Internal Trade.

In 2016, the figure was ૬ 12.5 billion. The services sector topped the list with foreign investment inflows in the first quarter of the current financial year, at 1.15 billion. The investment in computer software and hardware stood at ૬ 1.08 billion.

Telecommunications has a figure of two million dollars. FDI inflows in automobiles stood at 2.6 billion and in trading at ૪૨ 2.50 million.

The country saw the highest FDI inflows through Singapore in the first quarter at ડો 1.5 billion.

The Netherlands has invested ૧ 1.05 billion and Mauritius has invested ૯ 500 million. The highest recipients of FDI are Maharashtra, Karnataka, Delhi, Gujarat and Jharkhand. A massive reshuffle in the country's infrastructure sector requires an increase in FDI.


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