FDI equity inflows down 24 per cent in H1 of current financial year

Mumbai: In the first six months of the current financial year, Foreign Direct Equity Investments (FDI) in the country fell by 24 percent year-on-year to $20.50 billion.
The figures released by the Industries Department did not give any reason for the decline in FDI, but uncertainty and challenging conditions in the global economy are believed to be the reason for the decline.
In the last financial year too, the FDI decreased by twenty percent to 46.03 billion dollars. Equity investments from abroad saw a steady decline in the April-August period of the current financial year, but there was a modest increase in September. The figures of the industry department also show that the investments increased to 4.08 billion dollars in this month of the current year compared to 2.97 billion dollars in September last year.
Total FDI, which includes equity capital, reinvestment of earnings and other capital, declined by 15.50 percent to $32.90 billion in the first six months of the current financial year.
In the current financial year, there has been a decline in FDI equity inflows from places like Singapore, America, UK and Mauritius.
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