Foreign direct investment (FDI) inflows in India declined 13 per cent to USD 32.03 billion in April-December 2023, dragged down by lower infusion in computer hardware and software, telecom, auto, and pharma sectors, according to the latest government data. FDI inflows stood at USD 36.74 billion during the corresponding nine months of the preceding fiscal. Inflows during the October-December quarter of the current fiscal, however, rose by 18 per cent to USD 11.6 billion as against USD 9.83 billion during the same quarter of 2022-23. The total FDI -- which includes equity inflows, reinvested earnings and other capital -- declined by about 7 per cent to USD 51.5 billion during the period under review against USD 55.27 billion in April-December 2022, the data from the Department for Promotion of Industry and Internal Trade (DPIIT) showed. During the nine-month period of this fiscal, FDI equity inflows decreased from major countries, including Singapore, the US, the UK, Cyprus and the .
Gujarat has received foreign direct investment worth Rs 2.39 lakh crore or $31 billion between October 2019 and March 2023 and is among the top Indian states in attracting FDI, according to an official release. FDI in Gujarat has increased consistently over the years due to the efforts of the state government and the Vibrant Gujarat Global Summit (VGGS) has played a crucial role in achieving it, the release said. The 10th edition of the biennial VGGS is scheduled to be held in January next year in Gandhinagar. Officials said Gujarat is among the top investment destinations in the country and has received FDI worth Rs 2.39 lakh crore ($31 billion) from October 2019 to March 2023. The state saw a rise of nearly 84 per cent in FDI in 2022-23 compared to the previous year, which was the highest among all the states and Union Territories, as per the website of VGGS. Gujarat accounted for 30 per cent of the total Industrial Entrepreneur Memorandum or IEMs implemented (Rs 1.04 lakh crore
Foreign direct investments into India is likely to gather momentum in 2024 as healthy macroeconomic numbers, better industrial output as well as attractive PLI schemes will attract more overseas players amid geopolitical headwinds and tighter interest rate regime globally. To ensure that India remains an attractive and investor friendly destination, Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh said the government reviews FDI policy on an ongoing basis and makes changes from time to time after having extensive consultations with stakeholders. In the January-September period this year, Foreign Direct Investment (FDI) into the country declined 22 per cent to USD 48.98 billion. The inflow was at USD 62.66 billion in the year-ago period. "However, we are broadly in line with the overall trends of FDI growth. FDI inflows from 2014-23 period is about USD 596 billion, which is about double than what India received during 2005-14. The trend i
Global deals involving mergers and acquisitions are languishing at a 10-year low as high interest rates chill activity in equity markets
Gross FDI had moderated from $ 84.8 billion in Fy22 to $ 71.4 billion in Fy23
The outward FDI expressed as total financial commitment has three components - equity, loan and guarantees issued.
Amid declining trends in global FDI, India stayed at eighth position in terms of FDI inflows, the latest World Investment Report by the Unctad said
Hardening interest rates globally and worsening geo-political situation have impacted the foreign direct investment (FDI) inflows into India in 2022-23, a top government official said on Tuesday. Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that the department would analyse the reasons for the contraction in FDI in five important sectors like computer hardware and software; construction, education, automobiles and metallurgical industries. "I cannot think of any other reason. It is not as if our FDI policies have become protectionist. On the contrary, we have kept it very very liberal ... The decline is combination of hardening of interest rates along with geo-political risks going up around the world. In general the appetite may be less," Singh told PTI in an interview. These five sectors had a share of USD 30 billion in India's total FDI in 2021-22 and in the last fiscal year, overseas inflows have almost halved. "Why ..
The net FDI also witnessed a decline of nearly 27 per cent to $28 billion in 2022-23 as against $38.6 billion a year ago
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According to the official, as far as 2022 is concerned, there has been a 4 per cent increase in FDI inflows
Foreign direct equity investments during April-September declined 14 per cent on year to $26.9 billion, according to Department for Promotion of Industry and Internal Trade (DPIIT) data
US upstages UK as biggest target for outbound deals in 2022
Karnataka attracted the most FDI in this space, followed by Telangana and Haryana. Flows into Karnataka were up more than 250% YoY
Upmove despite investments falling to $45 bn in '21 from $64 bn a year earlier: UN
FDI inflows to India dip 51 per cent in first half of 2021
Applications for FDI in pvt banks having JVs in insurance sector may be addressed to RBI for consideration in consultation with IRDAI to ensure foreign investment limit of 74% is not breached
FDI in India is likely to pick up going ahead on the back of a strong rebound in growth, said Frederic Neumann, co-head of Asian economics research at HSBC
All central government departments and 14 state governments, to begin with, will be part of the system
FDI inflow during December rose 24 per cent to $9.22 billion, against $7.46 billion in December 2019.