Foreign direct investment (FDI) equity inflows into India contracted by 60 per cent to $6.56 billion (Rs 49,820 crore) during April-June 2020, according to data by the Department for Promotion of Industry and Internal Trade (DPIIT). The overseas inflows during April-June 2019 stood at $16.33 billion.
Sectors which attracted foreign inflows during the first quarter of 2020-21 included services ($1.14 billion), computer software and hardware ($1.06 billion), telecommunications ($2 million), automobile ($326 million) and trading ($426 million), the data showed. Singapore emerged ...
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