Computer software and hardware sector attracted highest ever inflows of $8 billion during the nine month period of the current financial year
Foreign direct investment (FDI) in India declined by 15% to $36.75 billion during April-December this fiscal, according to the latest Department for Promotion of Industry and Internal Trade data.
The FDI inflow during the corresponding period last year was $43.17 billion.
Total FDI inflows, which include equity inflows, reinvested earnings and other capital, declined to $55.27 billion during the nine months of the current fiscal, as against $60.4 billion in the year-ago period.
Singapore emerged as the top investor with FDI of $13 billion during April-December 2022-23.
It is followed by Mauritius ($4.7 billion), the US (about $5 billion), the United Arab Emirates ($3.1 billion), the Netherlands ($2.15 billion), Japan ($1.4 billion) and Cyprus ($1.15 billion).
The computer software and hardware sector attracted the highest ever inflows of $8 billion during the nine-month period of the current fiscal.
It was followed by services ($6.6 billion), trade ($4.14 billion), chemicals ($1.5 billion), automobile industry ($1.27 billion) and construction (infrastructure) activities ($1.22 billion).