 "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).
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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.