Business: A good trend is being seen in the flow of foreign investment in the new financial year. The latest figures show that during the first quarter of the current financial year, there was a spectacular increase of about 48 percent in foreign direct investment in India and the figure crossed 16 billion dollars.

This much foreign investment came in the first quarter

According to the data released by the Department of Promotion of Industry and Internal Trade (DPIIT) on Tuesday, India received foreign direct investment (equity inflow) of $16.17 billion in the first quarter of the financial year 2024-25 i.e. in the three months from April to June 2024. This figure is 47.8 percent more than the same period a year ago. During the same period of the previous financial year i.e. three months from April to June 2023, the FDI inflow was $10.94 billion.

These sectors led FDI

According to DPIIT data, this surge in FDI equity inflow was led by sectors such as service, computer, telecom and pharma. According to the data, if we add equity inflow along with reinvestment of earnings and other capital, then the FDI figure in the first quarter of the current financial year increases by 28 percent year-on-year to $22.49 billion.

The figure had fallen in the last financial year

During the last financial year, there was a decline in the equity inflow of FDI. During the entire financial year, the equity inflow of FDI was $44.42 billion, which was 3.49 percent less than a year ago. A year ago, the equity inflow of FDI during the entire financial year was $46.03 billion.

The highest investment came from these countries

Singapore was the top source of FDI in India, from where an investment of 3.9 billion dollars came during the first quarter. Mauritius was followed by 3.2 billion dollars. Apart from Singapore and Mauritius, FDI from America, Netherlands, United Arab Emirates, Cayman Islands and Cyprus increased during the first quarter. On the other hand, FDI from Japan, Britain and Germany decreased.