Foreign direct investments during Apr-Sep 2018 fell 11% to $22.66 bn: Commerce ministry data

New Delhi: Foreign direct investment (FDI) into India has declined 11 percent to $22.66 billion during April-September period of the current fiscal, according to commerce and industry ministry data. The foreign fund inflows during April-September 2017-18 stood at $25.35 billion. [caption id=“attachment_4292949” align=“alignleft” width=“380”] Representational image. News 18.[/caption] Key sectors that received maximum foreign investment during the first six months of the fiscal include services ($4.91 billion), computer software and hardware ($2.54 billion), telecommunications ($2.17 billion), trading ($2.14 billion), chemicals ($1.6 billion), and automobile industry ($1.59 billion). Singapore was the largest source of FDI during April-September 2018-19 with $8.62 billion inflow, followed by Mauritius ($3.88 billion), the Netherlands ($2.31 billion), Japan ($1.88 billion), the US ($970 million), and UK ($845 million). FDI had increased at a five-year low growth of 3 percent at $44.85 billion in 2017-18. A decline in foreign inflows could put pressure on the country’s balance of payments and may also impact the value of the rupee.