 "Net FDI in India improves to $4 billion in April, says RBI bulletin")
The net foreign direct investment (FDI) in India, which is inflows minus outflows, improved to $4 billion in April 2024 from $2.82 billion a year ago, primarily due to moderation in the repatriation of capital.
According to Reserve Bank of India (RBI) data, direct investment into India rose to $4.89 billion in the first month of the current financial year (2024-25) from $3.92 billion in April 2023.
Outward FDI from India declined marginally to $932 million in April 2024 from $1.09 billion a year ago.
The scale of capital repatriation/divestment declined to $2.38 billion in April 2024 from $3.47 billion a year ago.
According to the State of the Economy article in RBI’s June bulletin, gross inward foreign direct investment (FDI) remained strong at $7.3 billion in April 2024 ($7.4 billion a year ago).
The manufacturing, financial services, business services, electricity and other energy, and computer services sectors accounted for more than 80 per cent of the FDI equity flows.
Major source countries included Singapore, Mauritius, Cyprus, the US, and the Netherlands, contributing more than 80 per cent of the flows, it added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%