While FDI equity inflows into India slumped 14 percent to $26.9 billion during April-September this fiscal, total FDI inflows (which includes equity inflows, re-invested earnings and other capital) too declined YoY to $39 billion in the first half of this year.
It has been slow going for FDI equity inflows into India in the quarter ended September. Foreign direct investment (FDI) equity inflows into India contracted by 14 percent to $26.9 billion during the April-September this fiscal, according to the data of the Department for Promotion of Industry and Internal Trade (DPIIT). The inflows had stood at $31.15 billion during the corresponding period of the previous year.
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The total FDI inflows (which includes equity inflows, re-invested earnings and other capital) too declined to $39 billion during the first six months of the current fiscal year against $42.86 billion in the year-ago period.
During the first half of this fiscal, Singapore emerged as the top investor with $10 billion FDI. It was followed by Mauritius ($3.32 billion), UAE ($2.95 billion), USA ($2.6 billion), the Netherlands ($1.76 billion), and Japan ($1.18 billion), the data showed.
The computer software and hardware sector attracted the highest inflows of $6.3 billion during the six-month period of this fiscal. It was followed by services ($4.16 billion), trading ($3.28 billion), chemicals ($1.3 billion), automobile industry ($932 million) and construction and infrastructure activities ($990 million).