FDI in India rises by 15% during Apr-Sep to $26 bn

03 Jan '20

1 min read

Pic: Shutterstock

Foreign direct investment (FDI) into India grew by 15 per cent to $26 billion during the first half of the current fiscal, according to government statistics. FDI inflow during April-September of 2018-19 stood at $22.66 billion. Singapore continued to be the largest source of FDI during the first half of the fiscal with $8 billion in investments.

Sectors that attracted maximum foreign inflows during April-September 2019-20, include services ($4.45 billion), computer software and hardware ($ 4 billion), telecommunications ($4.28 billion), automobile ($2.13 billion) and trading ($2.14 billion), data from the commerce and industry ministry showed.

It was followed by Mauritius ($6.36 billion), the United States ($2.15 billion), the Netherlands ($2.32 billion) and Japan ($1.78 billion), according to a news agency report.

Despite a slowdown in the global economy, inflows of foreign investment into the country have not been affected, according to department for promotion of industry and internal trade (DPIIT) secretary Guruprasad Mohapatra.

Fibre2Fashion News Desk (DS)

More Textiles News - India...