FDI in India jumps 13% to record $49.98 billion in 2019-20

NEW DELHI: Foreign direct investment into India rose 13% to a record $49.97 billion in FY20 from $44.36 billion a year earlier, official data released on Thursday showed. FDI inflows were $13.2 billion in the quarter ended March.

Singapore remained the top source of FDI, accounting for $14.67 billion, followed by Mauritius at $8.24 billion, according to the data released by the Department for Promotion of Industry and Internal Trade. India’s FDI inflows had dipped 1% in FY19. Services, computer software and hardware, trading, telecommunications, and hotel & tourism were the top five sectors for FDI.

Services garnered FDI worth $7.85 billion while investments in computer software and hardware were $7.67 billion, and in trading were $4.57 billion. Telecommunications drew FDI worth $4.44 billion in FY20, and hotel & tourism attracted $2.93 billion of foreign inflows.


January saw the highest inflow of $5.57 billion and February the least at $3.36 billion.

Among states, Maharashtra garnered the highest share of FDI at 30% with investments clocking $7.26 billion. Karnataka and Delhi followed with 18% and 17% share, respectively.

While FDI through FIPB route/RBI’s Automatic Route/Acquisition Route rose 13% on year, total FDI that also includes equity capital of unincorporated bodies, reinvested earnings and other capital was up 18% on year to $73.45 billion, more than double from $36.04 billion in 2013-14.