FDI equity inflows contract 22% in FY23

India's foreign direct equity investments during fiscal year 2022-23 were $46.03 billion, down 21.67% from the previous year, according to the Department for Promotion of Industry and Internal Trade. In the January-March quarter, inflows were $9.28 billion, or 41% lower than the corresponding period previously. Total FDI inflows, including additional equity investments, reinvested earnings and other capital, contracted 29.6% to $15.49 billion in the fiscal fourth quarter. Singapore was the leading investor followed by Mauritius and the US.

from News-Economic Times https://ift.tt/AsUEl1t