FDI into India declines 11 percent during April-September of FY 2018-19

The Foreign direct investment (FDI) into India took a major hit as the inflows witnessed a 11 per cent decline to USD 22.66 billion during April-September period of the current fiscal, according to commerce and industry ministry data.

Foreign Direct Investment - Source (PTI)

New Delhi: The Foreign direct investment (FDI) into India took a major hit as the inflows witnessed a 11 per cent  decline to USD 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 USD 25.35 billion. Key sectors that received maximum foreign investment during the first six months of the fiscal include services (USD 4.91 billion), computer software and hardware (USD 2.54 billion), telecommunications (USD 2.17 billion), trading (USD 2.14 billion), chemicals (USD 1.6 billion), and automobile industry (USD 1.59 billion). Singapore was the largest source of FDI during April-September 2018-19 with USD 8.62 billion inflow, followed by Mauritius (USD 3.88 billion), the Netherlands (USD 2.31 billion), Japan (USD 1.88 billion), the US (USD 970 million), and UK (USD 845 million). FDI had increased at a five-year low growth of 3 per cent at USD 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.