FDI inflows surge 26% during Q1

Investment Buoyancy

♦ FDI rose to $6.9 bn in June qtr from $4.7 bn in Q1/FY24

♦ Net FDI flow fell to $9.8 bn in FY24 from $28 bn in FY23, $38.6 bn in FY22

Mumbai: The gross foreign direct investment (FDI) flowing into the Indian economy has surged by 26.4 per cent to $22.5 billion during the April-June quarter of the current financial year compared to the same quarter of the previous year, according to the RBI’s latest monthly bulletin.

This has resulted in net FDI shooting up to $6.9 billion during the first quarter of 2024-25, compared to $4.7 billion in the same period of 2023-24, the report states.

Manufacturing, financial services, communication services, computer services, electricity and other energy sectors accounted for about 80 per cent of the gross FDI inflows.

The major source countries for the FDI include Singapore, Mauritius, the Netherlands, the US, and Belgium which account for as much as 75 per cent of the FDI, according to the RBI report.