Foreign direct investment (FDI) into India in the July-September quarter of 2021-22 fell a sharp 42% on year at $13.5 billion from $23.4 billion a year ago. However, the inflows were up 39.17% from the pre-pandemic period of July-September FY20.
Total FDI inflows including equity inflows, re-invested earnings and other capital was down 30% on-year at $19.7 billion in the second quarter compared to $28.1 billion in the September quarter of FY21.
FDI into India in the first quarter of 2021-22 more than doubled to $17.5 billion in the quarter to June from $6.56 billion in the year-ago period. In the first half of the fiscal, India attracted $31.1 billion of FDI equity inflows, up 4% on-year.
Singapore was the top source of FDI in the first six months of FY22 and the US was at the second position.
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Foreign direct investment (FDI) into India in the July-September quarter of 2021-22 fell a sharp 42% on year at $13.5 billion from $23.4 billion a year ago. However, the inflows were up 39.17% from the pre-pandemic period of July-September FY20. Total FDI inflows including equity inflows, re-invested earnings and other capital was down 30% on-year at $19.7 billion in the second quarter compared to $28.1 billion in the September quarter of FY21. FDI into India in the first quarter of 2021-22 more than doubled to $17.5 billion in the quarter to June from $6.56 billion in the year-ago period. In the first half of the fiscal, India attracted $31.1 billion of FDI equity inflows, up 4% on-year. Singapore was the top source of FDI in the first six months of FY22 and the US was at the second position. (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)Download The Economic Times News App to get Daily Market Updates & Live Business News.