Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
Finance InFocus

FDI Increased By 15 % During Apr-Sep to USD 26 Billion

Sectors, which attracted maximum foreign inflows during April-September 2019-20, include services (USD 4.45 billion), computer software and hardware (USD 4 billion), telecommunications (USD 4.28 billion), automobile (USD 2.13 billion) and trading (USD 2.14 billion), the commerce and industry ministry data showed.

author-image
SMEStreet Desk
02 Jan 2020 08:30 IST

Follow Us

New Update
FDI, Investment, MSME

Foreign direct investment into India grew 15 per cent to USD 26 billion during the first half of the current financial year, according to government data.

Inflow of foreign direct investment (FDI) during April-September of 2018-19 stood at USD 22.66 billion.

Sectors, which attracted maximum foreign inflows during April-September 2019-20, include services (USD 4.45 billion), computer software and hardware (USD 4 billion), telecommunications (USD 4.28 billion), automobile (USD 2.13 billion) and trading (USD 2.14 billion), the commerce and industry ministry data showed.

Singapore continued to be the largest source of FDI in India during the first half of the financial year with USD 8 billion investments. It was followed by Mauritius (USD 6.36 billion), the US (USD 2.15 billion), the Netherlands (USD 2.32 billion), and Japan (USD 1.78 billion).

FDI is important as the country requires major investments to overhaul its infrastructure sector to boost growth.

Recently, the government relaxed foreign investment norms in sectors such as brand retail trading, coal mining and contract manufacturing.

Enthused by a record foreign investment inflow, India is optimistic of continuing to be one of the world's favourite FDI destinations in 2020 on the back of Prime Minister Narendra Modi-led government's liberalised norms and a significant jump in the ease of doing business ranking.

Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Guruprasad Mohapatra has said that despite a slowdown in the global economy, inflows of foreign investment into the country have not been impacted.

FDI
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!