FDI investment increased by 45 percent reached 29.79 billion dollars in April-September 2024

Foreign direct investment (FDI) in India increased by 45 percent to US $ 29.79 billion in April-September 2024. This increase is due to strong investment in sectors like services, computer software and hardware, telecom, pharma and chemicals. According to data released by the Department for Promotion of Industry and Internal Trade (DPIIT), FDI inflow in the same period of FY 2023-24 stood at US $ 20.5 billion.

43% jump in July-September

In the July-September 2024 quarter, FDI inflows registered a growth of 43 percent to US$ 13.6 billion. In the same period of the last financial year, this figure was 9.52 billion US dollars. In the April-June quarter too, there was an increase of 47.8 percent in FDI, which reached US $ 16.17 billion.

28% increase in total FDI

Total FDI (which includes equity inflows, reinvested earnings and other capital) increased by 28 percent to US$ 42.1 billion in the first half. In the same period of the last financial year it was US $ 33.12 billion.

These countries invested heavily in India

Major countries investing in India include names like Mauritius, Singapore, America, Netherlands and UAE. Let us tell you, investment from Mauritius was 5.34 billion US dollars, which was 2.95 billion last year. At the same time, investment of 7.53 billion US dollars came from Singapore, which was earlier 5.22 billion. Whereas, investment from America was 2.57 billion US dollars, which was 2 billion last year. Talking about investment from UAE, the highest increase was recorded from here, which increased from 1.1 billion to 3.47 billion US dollars. However, a decline in investment was seen from Japan and UK.

Investment in these sectors

If we look at investment sector-wise, maximum investment took place in sectors like services, computer software and hardware, telecom, pharma and non-conventional energy. FDI in services sector reached US $ 5.69 billion in the first half, which was US $ 3.85 billion in the same period last year. Whereas, US$ 2 billion was invested in non-conventional energy sector.

According to the states, Maharashtra is at the top

At the state level, Maharashtra attracted the highest FDI investment. 13.55 billion US dollars were invested here. This was followed by Karnataka, Gujarat and Telangana. About 4 billion US dollars were invested in Gujarat. After this there is Karnataka. 3.54 billion US dollars were invested here. Telangana is at number three. 1.54 billion US dollars were invested here.

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