You are here: Home » Economy & Policy » News
Business Standard

Apr-Sep FDI inflow climbs 15% to Rs 2.2 trillion; Mauritius was top source

Singapore was the second biggest source.

Topics
India FDI | Mauritius | Singapore

IANS  |  New Delhi 

fdi
Representational image.

With India being an attractive destination for foreign funds despite the pandemic, FDI inflow rose 15 per cent during the April-September period to $30 billion (Rs 2.2 trillion).

During the same period last fiscal, total FDI inflow stood at $26 billion.

According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), and were the biggest sources of FDI for India with 29 per cent and 21 per cent contribution respectively.

The US, Netherlands and Japan followed with 7 per cent contribution each.

Among the sectors, services sector continued to lead with the highest amount of FDI coming in. The sector which includes financial, banking, insurance, outsourcing, R&D among others, received 17 per cent of the FDI equity inflow during the period under review.

Computer software and hardware segment got 12 per cent FDI inflow while the telecom sector received 7 per cent

Among the states, Gujarat attracted the highest FDI equity inflow with 35 per cent of the overall funds coming in during April-September, followed by Maharashtra (20 per cent), Karnataka (15 per cent) and Delhi (12 per cent).

Inflow of foreign investments has been on the rise after the governments around the world along with India announced liquidity measures in the wake of the pandemic.

The Centre has also announced liberalising measures for FDI in several sectors including contract manufacturing, coal mining and defence which are likely to fetch in more investments.

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, November 28 2020. 11:48 IST
RECOMMENDED FOR YOU
.