Last Updated on 04/09/2024 by Arun jain
India remains a favorite destination for foreigners to invest. We are not saying this, but the latest figures of foreign direct investment or FDI are telling themselves. There has been a tremendous jump in this during the first quarter of the current financial year 2024-25. According to government data, it has jumped more than 47 percent to $ 16.17 billion. From America to the United Arab Emirates (UAE) are ahead in terms of investing their money in India.
Such a jump in FDI in the first quarter
According to a PTI report, according to the FDI Inflow data released by the government, FDI coming to India in the April-June quarter has increased by 47.8 per cent year-on-year to $16.17 billion. In the same April-June quarter of the previous financial year 2023-24, foreign investment of $10.94 billion came into the country. Looking at this investment figure, it can be clearly guessed that India has become a favorite destination for foreigners for investment.
The highest investment came in this sector
The foreign direct investment coming to India has increased the most due to better capital flow in the service sector, computer, telecom and pharma sector. If we look at the monthly FDI inflow data, then in May 2024, foreigners invested $ 5.85 billion in India, while in the month of June, FDI of $ 5.41 billion has come. Let us tell you that the investment made by a company of one country in another country is called foreign direct investment.
This is how FDI figures changed
If we look at the government figures, the country’s foreign direct investment rose to $5.85 billion in May this year and $5.41 billion in June. In the previous year 2024, this figure was $2.67 billion in May and $3.16 billion in June. If we talk about the month of April, it has declined this year and compared to $5.1 billion in April of the financial year 2023-24, it has come down to $4.91 billion this year.
These countries invested a lot of money in India
Many countries have increased the FDI coming to India and the countries that are at the forefront in terms of investing here include Mauritius, Singapore, America, Netherlands, United Arab Emirates (UAE), Cayman Islands and Cyprus. On the contrary, FDI coming from Japan, Britain and Germany has decreased in the first quarter.
More investment in these states, not Delhi-Rajasthan
According to the data of DPIIT, in the first quarter of the current financial year, foreign investors have invested the most money in Maharashtra and this is $ 8.48 billion. After this, FDI of $ 2.28 billion has come in Karnataka, $ 1.08 billion in Telangana and $ 1.02 billion in Gujarat. On the other hand, FDI inflow in Delhi and Rajasthan has decreased compared to last year.
Source (PTI) (NDTV) (HINDUSTANTIMES)