FDI inflows in India decline by 13% to $32.03 billion in April- Dec 2023

Foreign Direct Investment (FDI) inflows in India  declined 13 per cent to $32.03 billion during the April- December 2023, dragged down by lower infusion in computer hardware and software, telecom, auto, and pharma sectors, according to the latest government data. During the nine-month period of this fiscal, FDI equity inflows decreased from major countries, including Singapore, the US, the UK, Cyprus and the UAE.
Investments fell significantly from the Cayman Islands and Cyprus to $215 million and $796 million, respectively, during April-December 2023 as against the two comparative figures of $624 million and $1.15 billion recorded in the year-ago period, according to information.However, inflows increased from Mauritius, the Netherlands, Japan and Germany.An official reportedly stated that hardening interest rates globally and worsening geopolitical situation impacted FDI inflows. FDI equity inflows into India declined 22 per cent to $46 billion in 2022-23, stated report.

(Ira Singh, Asstt Editor, Gandhinagar)