Summary:

Foreign direct investment (FDI) in India increased by 45% year on year, reaching US$ 29.79 billion in the first half of fiscal year 2024, boosted by high inflows into services, telecommunications, computer technology, and pharmaceuticals. In the same time previous year, FDI totalled $20.5 billion. In the July-September quarter, FDI increased by 43% to $13.6 billion, up from $9.52 billion, indicating strong investor confidence.

Total FDI, which includes stock inflows, reinvested earnings, and other capital, increased 28% to US$ 42.1 billion in the first half of FY24, up from US$ 33.12 billion the year before. Mauritius, Singapore, the United States, and the Netherlands were significant contributors to this rise, while inflows from Japan and the United Kingdom fell. Investments soared in services, software, telecommunications, and pharmaceuticals, with Maharashtra receiving the largest influx of $13.55 billion.

Source: IBEF 

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