<p> New Delhi: <a href="https://www.deccanherald.com/tags/fdi">Foreign direct investment </a>(FDI) inflows in India declined 13 per cent to $32.03 billion in April-December 2023, dragged down by lower infusion in computer hardware and software, telecom, auto, and pharma sectors, according to the latest government data.</p>.<p> FDI inflows stood at $36.74 billion during the corresponding nine months of the preceding fiscal.</p>.Govt examining FDI flow from China in Paytm Payments Services.<p> Inflows during the October-December quarter of the current fiscal, however, rose by 18 per cent to $11.6 billion as against $9.83 billion during the same quarter of 2022-23.</p>.<p> The total FDI -- which includes equity inflows, reinvested earnings and other capital -- declined by about 7 per cent to $51.5 billion during the period under review against $55.27 billion in April-December 2022, the data from the Department for Promotion of Industry and Internal Trade (DPIIT) showed.</p>.<p> During the nine-month period of this fiscal, FDI equity inflows decreased from major countries, including Singapore, the US, the UK, Cyprus and the UAE.</p>.<p> Investments fell significantly from the Cayman Islands and Cyprus to $215 million and $796 million, respectively, during April-December 2023 as against the two comparative figures of $624 million and $1.15 billion recorded in the year-ago period.</p>.India must attract FDI. FPI is a fair-weather friend.<p> However, inflows increased from Mauritius, the Netherlands, Japan and Germany.</p>.<p> Sectorally, inflows contracted in computer software and hardware, trading, services, telecommunication, automobile, pharma and chemicals.</p>.<p> In contrast, construction (infrastructure) activities, development and power sectors registered growth in inflows.</p>.<p> State-wise, Maharashtra received the highest inflow of $12.1 billion during the period. It was $10.76 billion in the same period a year ago.</p>.<p> Overseas capital inflows in Karnataka plunged to $3.6 billion in April-December 2023 from $8.77 billion in the same period of previous fiscal year.</p>.Walt Disney, Reliance merge India media operations to create Rs 70,000 crore behemoth.<p> Other states/Union Territories where FDI dipped during the period under review included Delhi, Tamil Nadu, West Bengal, Rajasthan and Haryana.</p>.<p> The inflow, however, recorded a positive growth in Gujarat, Telangana, and Jharkhand.</p>.<p> An official has earlier stated that hardening interest rates globally and worsening geopolitical situation impacted FDI inflows.</p>.<p> FDI equity inflows into India declined 22 per cent to $46 billion in 2022-23.</p>
<p> New Delhi: <a href="https://www.deccanherald.com/tags/fdi">Foreign direct investment </a>(FDI) inflows in India declined 13 per cent to $32.03 billion in April-December 2023, dragged down by lower infusion in computer hardware and software, telecom, auto, and pharma sectors, according to the latest government data.</p>.<p> FDI inflows stood at $36.74 billion during the corresponding nine months of the preceding fiscal.</p>.Govt examining FDI flow from China in Paytm Payments Services.<p> Inflows during the October-December quarter of the current fiscal, however, rose by 18 per cent to $11.6 billion as against $9.83 billion during the same quarter of 2022-23.</p>.<p> The total FDI -- which includes equity inflows, reinvested earnings and other capital -- declined by about 7 per cent to $51.5 billion during the period under review against $55.27 billion in April-December 2022, the data from the Department for Promotion of Industry and Internal Trade (DPIIT) showed.</p>.<p> During the nine-month period of this fiscal, FDI equity inflows decreased from major countries, including Singapore, the US, the UK, Cyprus and the UAE.</p>.<p> Investments fell significantly from the Cayman Islands and Cyprus to $215 million and $796 million, respectively, during April-December 2023 as against the two comparative figures of $624 million and $1.15 billion recorded in the year-ago period.</p>.India must attract FDI. FPI is a fair-weather friend.<p> However, inflows increased from Mauritius, the Netherlands, Japan and Germany.</p>.<p> Sectorally, inflows contracted in computer software and hardware, trading, services, telecommunication, automobile, pharma and chemicals.</p>.<p> In contrast, construction (infrastructure) activities, development and power sectors registered growth in inflows.</p>.<p> State-wise, Maharashtra received the highest inflow of $12.1 billion during the period. It was $10.76 billion in the same period a year ago.</p>.<p> Overseas capital inflows in Karnataka plunged to $3.6 billion in April-December 2023 from $8.77 billion in the same period of previous fiscal year.</p>.Walt Disney, Reliance merge India media operations to create Rs 70,000 crore behemoth.<p> Other states/Union Territories where FDI dipped during the period under review included Delhi, Tamil Nadu, West Bengal, Rajasthan and Haryana.</p>.<p> The inflow, however, recorded a positive growth in Gujarat, Telangana, and Jharkhand.</p>.<p> An official has earlier stated that hardening interest rates globally and worsening geopolitical situation impacted FDI inflows.</p>.<p> FDI equity inflows into India declined 22 per cent to $46 billion in 2022-23.</p>