FDI inflows jump 47.8% to USD 16.17 bn in Apr-June 2024, Singapore top source

New Delhi: Led by services, computer, telecom and pharma, foreign direct investment (FDI) equity inflows into India rose 47.8% on-year to $ 16.17 billion in April-June this fiscal, data released by the Department for Promotion of Industry and Internal Trade (DPIIT) Tuesday showed.

FDI inflows were at $10.94 billion in April-June 2023-24. Total FDI, which includes equity inflows, reinvested earnings and other capital, grew 28% on-year to $22.49 billion in the first quarter of FY25.

FDI equity inflows into India had contracted 3.49% on-year in FY23 to $44.42 billion from $46.03 billion in FY22.


With $3.9 billion, Singapore was the top source of investment from abroad in the quarter followed by Mauritius at $3.2 billion. FDI equity inflows rose from Mauritius, Singapore, the US, the Netherlands, the UAE, Cayman Islands and Cyprus but fell from Japan, the UK, and Germany.

As per the data, May saw the highest FDI in the quarter at $5.85 billion from $2.67 billion a year ago.

However, In April, the FDI inflows were down marginally at $4.91 billion against $5.1 billion in April 2023.

Among sectors, inflows rose in services, computer software and hardware, telecommunication, and non-conventional energy to $3.99 billion, $2.74 billion and $1.03 billion, respectively.

Services includes banking, financial services and insurance, outsourcing as well as R&D.

Maharashtra received the highest inflow of $8.48 billion during the first quarter of this last fiscal. It was followed by Karnataka ($ 2.28 billion), Telangana ($1.08 billion) and Gujarat ($1.02 billion), according to the data.