look news india
Ahmedabad: India's net foreign direct investment (FDI) in the 10 months from April 2023 to January 2024 has been $ 15.41 billion. In the same period last year, FDI was 25 billion dollars. This large decline in net FDI was due to outflow of funds. Net FDI is the amount of foreign investment going out of the country minus the FDI coming into the country.
According to the March 2024 bulletin of the Reserve Bank of India, FDI inflows into India during April 2023 to January 2024 stood at $25.53 billion, while outflows stood at $10.11 billion. However, a year ago inflows were $36.75 billion and outflows were $11.75 billion. According to the Central Bank data, fund outflow/disinvestment by direct investors in India has increased to $34 billion in the 10 months to 2024, compared to $24.99 billion in April 2023 to January 2024.
According to the RBI's monthly bulletin on 'State of the Economy' released in March 2024, nearly two-thirds of the FDI received in the 10 months of FY2024 were in manufacturing, computer services, power and other energy sectors.
About 80 percent of FDI in India comes from Singapore, Mauritius, USA, Netherlands, Japan and UAE. According to the RBI report, the inflow of FDI in the world remained sluggish in 2023 and compared to 2022, global growth was only 3 percent. However, India fared better than its other counterparts in Asia.