New Delhi: Foreign direct investment (FDI) equity inflows in India declined 3.49 per cent to $44.42 billion in 2023-24 due to lower infusion in sectors such as services, computer hardware and software, telecom, auto and pharma, according to the government data.

FDI inflows stood at $46.03 billion during 2022-23. Inflows during January-March FY24, however, rose by 33.4 per cent to $12.38 billion as against $9.28 billion in the year-ago period.

The total FDI, which includes equity inflows, reinvested earnings and other capital, declined marginally by one per cent to $70.95 billion during 2023-24 from $71.35 billion in 2022-23.