Key Points
However, a large number of FDI proposals are in the "pipeline", which means such inflows are going to be higher in fiscal 2024 than this fiscal year, one of the officials said..
Many of these proposals pertain to sectors that are covered under production-linked incentive (PLI) schemes, such as electronics, pharmaceuticals and renewables, the official said, adding that inflows into sectors offering PLI schemes continued to be good this fiscal year as well.ANIPakistan:.
Elevated interest rates in key economies and a shortage of semiconductors in sectors such as automobiles and computers dragged down India's foreign direct investment (equity) inflows by 15% until December this fiscal year from a year before to $36.75 billion, senior industry ministry officials said...
Total FDI inflows, which include equity inflows, reinvested earnings and other capital, fell 8.4% to $55.27 billion in the first three quarters of this fiscal year, according to official data...
"The chip shortage, too, has affected our FDI inflows into critical sectors, including automobiles, computer hardware and software and some services segments," the official said..
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FDI equity inflows contract 22% in FY23
29, May, 23India's foreign direct equity investments during fiscal year 2022-23 were $46.03 billion, down 21.67% from the previous year, according to the Department for Promotion of Industry and Internal Trade. In the January-March quarter, inflows were $9.28 billion, or 41% lower than the corresponding period previously. Total FDI inflows, including additional equity investments, reinvested earnings and other capital, contracted 29.6% to $15.49 billion in the fiscal fourth quarter. Singapore was the leading investor followed by Mauritius and the US.