FDI equity inflows down 16 per cent during April-December 2021: DPIIT

Foreign direct investment (FDI) equity inflows into the country declined 16 per cent to $43.17 billion during April-December in the current fiscal. The Department for Promotion of Industry and Internal Trade (DPIIT) gave this information in its data released on Friday. The FDI equity inflow into the country stood at $51.47 billion during the corresponding period of the previous fiscal.

The total FDI inflows during the first nine months of the current financial year stood at $60.34 billion. This includes equity inflows, reinvestment of proceeds and other capital. It was $67.5 billion in the same period of the previous fiscal.

According to the data, equity inflows during the October-December quarter of the current fiscal also declined to $12 billion, from $21.46 billion in the third quarter of the previous fiscal. The total FDI inflows during this period stood at $ 17.94 billion as against $ 26.16 billion in the corresponding quarter of the previous financial year 2020-21.

Singapore topped the list with investments of $11.7 billion during April-December 2021. In the same period, US$ 7.52 billion, Mauritius $ 6.58 billion, Cayman Islands $2.74 billion, Netherlands $2.66 billion and UK $1.44 billion during the same period.

According to the data, in the first nine months of the current financial year, the highest FDI of $10.25 billion came in the computer software and hardware sector.