FDI Declined By 11 % This Fiscal
Foreign direct investment (FDI) into India has declined 11 per cent to $22.66 billion during April-September period of the current fiscal, according to Commerce and Industry Ministry data.
Experts have varied opinions while analysing the reasons for this downward growth, but some of them have considered the global trade scenario as a major reason for this. However, some experts are not ruling out the aspect of fluctuating Indian banking scenario with regards to banking frauds.
The foreign fund inflows during April-September 2017-18 stood at $25.35 billion.
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).