FDI inflows rose 15% in H1FY20, services sector got the lion's share

Singapore was the largest source of FDI for India in FY20, accounting for around $8 billion, followed by Mauritius with $6.3 billion

Inbound foreign direct equity investments (FDI) rose 15 per cent in the April-September period of the current fiscal year (2019-20, or FY20), according to data released by the Department for Promotion of Industry and Internal Trade (DPIIT).

The figures, released on Tuesday, showed that in the first half of FY20, equity inflows amounted to $26.09 billion, up from the $22.66 billion received in the corresponding period of the previous year.

The services sector — encompassing financial, banking, insurance, outsourcing, among other industries — was the highest recipient of FDI at $4.4 billion. This was followed by the telecommunications sector, which