Foreign Direct Investments Rise 15% To $30 Billion During April-September
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Foreign Direct Investments Rise 15% To $30 Billion During April-September

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Foreign direct investment into India grew by 15% to $30 billion during the first half of the current fiscal, according to official data.

The inflow of FDI during April-September 2019-20 stood at $26 billion, as per the data of the Department for Promotion of Industry and Internal Trade.

In July, the country had attracted $17.5 billion worth of foreign investments.

Sectors which attracted maximum foreign inflows during April-September 2020-21 included computer software and hardware ($17.55 billion), services ($2.25 billion), trading ($949 billion), chemicals ($437 million) and automobile ($417 million).

Singapore emerged as the largest source of FDI in India during the period with $8.3 billion investments. It was followed by the U.S. ($7.12 billion), Cayman Islands ($2.1 billion), Mauritius ($2 billion), the Netherlands ($1.5 billion), UK ($1.35 billion), France ($1.13 billion) and Japan ($653 million).

Also read: Foreign Inflows Into Equities Surge To A Record In November

Further, according to DPIIT, total FDI (including reinvested earnings) stood at about $40 billion.

FDI is a major driver of economic growth and an important source of non-debt finance for the economic development of the country. The government has carried out FDI reforms in various sectors, including contract manufacturing and coal mining.

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