Udabur Stock：India's 2023-24 Foreign Investment in fiscal year fell 3%to $ 44 billion

According to the data of the Indian Industry and internal Trade Promotion Department (DPIIT) on May 30, in fiscal 2023-24, India's direct investment fell by 3.49%to US $ 44.4.42 billion.

It is reported that in fiscal 2022-23, India's foreign direct investment inflows were US $ 46.03 billion.The 2021-22 fiscal year was US $ 84.8 billion, a decline for two consecutive years.

It is reported that the decline is mainly due to foreign investment in services, computer hardware and software, telecommunications, automotive and pharmaceutical industries.

However, from January to March 24th, foreign direct investment inflows increased significantly, an increase of 33.4%to US $ 12.38 billion, while the previous fiscal year was US $ 9.28 billion in the same period.

According to DPIIT data, the overall foreign direct investment of equity inflows, reinvestment income, and other capitals dropped by 1%, a total of US $ 70.95 billion from 2023 to 2023, and US $ 71.35 billion from 2022 to 2023.Udabur Stock

India has received the highest foreign direct investment inflows ever in the 2021-22 fiscal year, with $ 84.83 billion.Guoabong Wealth Management

In the 2023-24 Fiscal Year, the inflow of foreign direct investment equity in major countries such as Mauritius, Singapore, the United States, the United Kingdom, the UAE, the Cayman Islands, Germany and Cyprus has decreased.But the inflows from the Netherlands and Japan have increased.

In terms of industry, the inflows of services, computer software and hardware, trade, telecommunications, automobiles, pharmaceuticals and chemicals have decreased.Instead, during the review, the flow of construction (infrastructure) activities, development and power departments increased.

It is reported that in the 2022-23 fiscal year, foreign direct investment equity flowed into India fell by 22%.Mumbai Stock Exchange

New Delhi Stock Exchange