FDI during April-December in current fiscal falls 7% to $33.49 bn: Commerce ministry data

Foreign direct investment (FDI) into India contracted by 7 percent to $33.49 billion during April-December in the current fiscal, according to commerce and industry ministry data

Press Release February 20, 2019 15:03:15 IST
FDI during April-December in current fiscal falls 7% to $33.49 bn: Commerce ministry data
  • FDI during April-December 2017-18 stood at $35.94 billion

  • Singapore was the largest source of FDI during April-December 2018-19 with $12.97 billion inflow

  • A decline in foreign inflows could put pressure on the country's balance of payments and may also impact the value of the rupee

New Delhi: Foreign direct investment (FDI) into India contracted by 7 percent to $33.49 billion during April-December in the current fiscal, according to commerce and industry ministry data.

FDI during AprilDecember in current fiscal falls 7 to 3349 bn Commerce ministry data

Representational image. News 18.

Foreign fund inflows during April-December 2017-18 stood at $35.94 billion.

The key sectors that received the maximum foreign investment during the nine months of the fiscal include services ($5.91 billion), computer software and hardware ($4.75 billion), telecommunications ($2.29 billion), trading ($2.33 billion), chemicals ($6.05 billion), and the automobile industry ($1.81 billion).

Singapore was the largest source of FDI during April-December 2018-19 with $12.97 billion inflow, followed by Mauritius ($6 billion), the Netherlands ($2.95 billion), Japan ($2.21 billion), US ($2.34 billion), and the UK ($1.05 billion).

A decline in foreign inflows could put pressure on the country's balance of payments and may also impact the value of the rupee.

Updated Date:

also read

Euro 2020: Romelu Lukaku’s strike helps Belgium beat Croatia in warm up match; Netherlands hand Georgia 3-0 loss
Sports

Euro 2020: Romelu Lukaku’s strike helps Belgium beat Croatia in warm up match; Netherlands hand Georgia 3-0 loss

Belgium, the world's top-ranked side, beat the 2018 World Cup runners up 1-0 thanks to a first half goal from in-form Romelu Lukaku, fresh from winning the Serie A title with Inter Milan.

Formula 1 2021: Singapore GP cancelled for a second year running after 'safety and logistic concerns' due to  COVID-19
Sports

Formula 1 2021: Singapore GP cancelled for a second year running after 'safety and logistic concerns' due to COVID-19

Races in Turkey (Istanbul) and China (Shanghai), postponed earlier this season, could replace Singapore, while the United States could also host a second race.

G7 summit 2021: Check out when and where it will be held, list of leaders in attendance
World

G7 summit 2021: Check out when and where it will be held, list of leaders in attendance

This year, the UK has been selected to host the summit and UK PM Boris Johnson is the President of the G7.