FDI in Oct-Dec shrank 44%

Foreign direct investment (FDI) equity inflows into India in the third quarter of FY22 shrank almost 44% to $12 billion from $21.46 billion in the year-ago period, as per official data.

The total FDI inflows- which include reinvested earnings-shrank 31.4% to $17.94 billion during October-December as against $26.16 billion in the corresponding period last year.

As per data released by the Department for Promotion of Industry and Internal Trade (DPIIT), FDI equity inflows shrank 16% to $43.17 billion during April-December 2021 from $51.4 billion a year ago.


Singapore was the top source of foreign investment followed by Mauritius.

Among sectors, computer software and hardware attracted the highest inflows of $10.25 billion in the first nine months of the fiscal, followed by the automobile industry at $5.96 billion, and services at $5.35 billion.

Statewise, Karnataka, Maharashtra and Delhi attracted the most FDI.