FDI equity inflows down 16% during April-December 2021 to $43.17 bn: DPIIT data

FDI equity inflows down 16% during April-December 2021 to $43.17 bn: DPIIT data

AgenciesUpdated: Friday, February 25, 2022, 06:53 PM IST
article-image
The inflows had stood at $51.47 billion during the corresponding period of the previous year. / Representational Image | File photo

Foreign direct investment (FDI) equity inflows into India contracted by 16 per cent to $43.17 billion during the April-December 2021 period, according to data from the Department for Promotion of Industry and Internal Trade (DPIIT).

The inflows had stood at $51.47 billion during the corresponding period of the previous year.

The total FDI inflows (which includes equity inflows, re-invested earnings and other capital) aggregated at $60.34 billion during the nine month period of the current fiscal year as against $67.5 billion in the year-ago period.

The equity inflows in the third quarter of this fiscal (October-December 2021) also declined to $12 billion as against $21.46 billion in the corresponding period of 2020, the data showed.

The total FDI inflows fell to $17.94 billion during the third quarter as against $26.16 billion in the year-ago period.

During April-December 2021, Singapore was at the top with $11.7 billion worth of investments. It was followed by the US ($7.52 billion), Mauritius ($6.58 billion), Cayman Islands ($2.74 billion), Netherlands ($2.66 billion) and UK ($1.44 billion).

The computer software and hardware sector attracted the highest inflows of $10.25 billion during the nine-month period of this fiscal. It was followed by the automobile industry ($5.96 billion), services sector ($5.35 billion), construction (infrastructure) activities ($1.6 billion) and pharma ($1.2 billion), the data showed.

(With inputs from PTI)

RECENT STORIES

Tesla Gears Up For India Debut With Opening Of 1st Store In Mumbai

Tesla Gears Up For India Debut With Opening Of 1st Store In Mumbai

Coconut Oil Prices Triple In A Year; SEA Seeks Urgent Govt Nod For Short-Term Oil, Copra Imports

Coconut Oil Prices Triple In A Year; SEA Seeks Urgent Govt Nod For Short-Term Oil, Copra Imports

Microsoft Makes AI Skills Mandatory, 15,000 Jobs Cut As Company Shifts Focus To Future Tech

Microsoft Makes AI Skills Mandatory, 15,000 Jobs Cut As Company Shifts Focus To Future Tech

Sensex Falls 689 Points, Nifty Drops 205 Points As Global Tensions & Weak TCS Earnings Hit Markets

Sensex Falls 689 Points, Nifty Drops 205 Points As Global Tensions & Weak TCS Earnings Hit Markets

Siemens Secures Two Orders Of ₹773 Crore, To Provide Advanced Signalling & Telecommunication...

Siemens Secures Two Orders Of ₹773 Crore, To Provide Advanced Signalling & Telecommunication...