FDI equity inflow contracts 15% to $36.7 billion in Apr-Dec: Govt data

Computer software and hardware manufacturing were the highest recipient of FDI at $8.07 billion

Foreign direct investment
Premium

Among states, Maharashtra continued to be the most favoured destination of investors, receiving $10.76 billion

Shreya Nandi New Delhi
Foreign direct investment (FDI) in equity during the first three quarters of this fiscal year declined 15 per cent year-on-year to $36.75 billion, according to the data released by the Department for Promotion of Industry and Internal Trade (DPIIT) on Wednesday.

In all, FDI, which includes the equity capital of unincorporated bodies, reinvest earnings, and other capital, stood at $55 billion during April-December from $60.4 billion a year ago, an 8 per cent fall. FDI inflows have been declining since the beginning of the year due to challenges in the external sector such as recessionary trends in major developed economies.

During the

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 22 2023 | 8:58 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com