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Thursday, November 30, 2023
HomeBusinessEconomyFDI during Apr-Sep 2018-19 fell 11%, may impact value of rupee

FDI during Apr-Sep 2018-19 fell 11%, may impact value of rupee

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FDI Foreign direct 652x435Foreign 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.

The foreign fund inflows during April-September 2017-18 stood at USD 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 (USD 2.54 billion), telecommunications ($2.17 billion), trading ($2.14 billion), chemicals ($1.6 billion), and automobile industry ($1.59 billion).

Singapore was the largest source of FDI during April-September 2018-19 with $8.62 billion inflow, followed by Mauritius ($3.88 billion), the Netherlands ($2.31 billion), Japan ($1.88 billion), the US ($970 million), and UK ($845 million).

FDI had increased at a five-year low growth of 3 per cent at $44.85 billion in 2017-18.

A decline in foreign inflows could put pressure on the country’s balance of payments and may also impact the value of the rupee.

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