According to the most recent government data, foreign direct investment (FDI) inflows into India fell 13% to USD 32.03 billion between April and December 2023, mostly due to lower inflows into the telecom, auto, pharma, and computer hardware and software sectors.
Foreign direct investment (FDI) inflows for the same nine months of the previous fiscal year totaled USD 36.74 billion.
On the other hand, inflows increased by 18% to USD 11.6 billion during the October–December quarter of the current fiscal year compared to USD 9.83 billion during the same quarter of 2022–2023.
According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), total FDI, which includes equity inflows, reinvested earnings, and other capital, decreased by roughly 7% to USD 51.5 billion during the period under review compared to USD 55.27 billion in April-December 2022.
The nine months of this fiscal year saw a decline in foreign direct investment (FDI) equity inflows from major nations like Singapore, the US, the UK, Cyprus, and the UAE.
In comparison to the two comparative figures of USD 624 million and USD 1.15 billion recorded in the year-ago period, investments from the Cayman Islands and Cyprus decreased significantly to USD 215 million and USD 796 million, respectively, during April-December 2023.
Nonetheless, more people were coming from Germany, the Netherlands, Japan, and Mauritius.
Sectorally, inflows decreased in trading, services, telecommunication, automotive, pharmaceuticals, and chemicals, as well as computer software and hardware.
On the other hand, the development, power, and construction (infrastructure) sectors all saw increases in influxes.
With USD 12.1 billion, Maharashtra was the state with the largest inflow during that time. A year ago during the same period, it was worth USD 10.76 billion.
Karnataka’s foreign capital inflows fell to USD 3.6 billion from USD 8.77 billion during the same period of the previous fiscal year.
The following states and union territories saw a decline in foreign direct investment during the review period: Delhi, Tamil Nadu, West Bengal, Rajasthan, and Haryana.
Nonetheless, Jharkhand, Telangana, and Gujarat saw increases in the influx. An official previously said that FDI inflows were impacted by the global hardening of interest rates and the worsening geopolitical environment.
In 2022–2023 FDI equity inflows into India fell by 22% to USD 46 billion.
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