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FDI inflow into India dips by 1.4% to $10.67 bn in Oct-Dec

Mar '20
Pic: Shutterstock
Pic: Shutterstock
Foreign direct investment (FDI) into India dipped marginally by 1.4 per cent to $10.67 billion (about ₹76,800 crore) during October-December period of fiscal 2019-20, according to government statistics. FDI inflow during the same period of the last fiscal was $10.82 billion and while in the July-September period of the current fiscal, it stood at $9.77 billion.

During the April-December period of 2019-20, FDI into India grew by 10 per cent to $36.76 billion as against $33.49 billion in the same period of 2018-19, the data shows.

Sectors which attracted maximum foreign inflows during the nine-month period include services ($6.52 billion), computer software and hardware ($6.35 billion), telecommunications ($4.29 billion), automobile ($2.50 billion) and trading ($3.52 billion), according to a news agency report.

Singapore continued to be the largest source of FDI in India between April and December in this fiscal with $11.65 billion in investments. It was followed by Mauritius ($7.45 billion), the Netherlands ($3.53 billion), Japan ($2.80 billion) and the United States ($2.79 billion).

Fibre2Fashion News Desk (DS)

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March 2020

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