Data Alert
Sept FDI inflows into India fall to $5.98 bln vs $6.15 bln year ago
This story was originally published at 21:22 IST on 20 November 2024
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--RBI: Sept gross FDI inflows $5.98 bln vs $8.61 bln Aug, $6.15 bln yr ago
NEW DELHI – Gross foreign direct investment into India in September was $5.98 billion, down from $8.61 billion in August, provisional data released by the Reserve Bank of India showed Wednesday. In September last year, gross FDI investment into India was $6.15 billion.
Total FDI inflows include equity capital, reinvested earnings, and other capital. Net FDI outflows in September were $3.06 billion, against net inflows of $631 million a year ago, according to the RBI data.
Manufacturing, financial services, electricity and other energy sectors, and communication services accounted for around two-thirds of the FDI inflows, according to an RBI staff paper in the monthly bulletin. Singapore, Mauritius, Netherlands, the United Arab Emirates and the US were the major sources of FDI inflows into India, accounting for about three-fourths of the flows, according to the paper.
The staff paper also said that net foreign portfolio investment outflows totalled $11 billion in October, which was the highest in a month since the COVID-19 pandemic. These were concentrated in the equity segment, the staff paper said. The outflows were "...impacted by escalating global uncertainty from geopolitical tensions and rebalancing by global portfolio managers in the wake of recent Chinese stimulus measures and election outcomes in the US," the paper said. End
US$1 = INR 84.42
Reported by Aaryan Khanna
Edited by Deepshikha Bhardwaj
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