India's FDI Inflows Exceed $1 Trillion Benchmark Over Four Years
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New Delhi, Dec 9 (NationPress) Foreign Direct Investment (FDI) inflows into India from April 2000 to September 2024 have surged to an astonishing $1,033.40 billion, indicating the expanding investment prospects in the country’s swiftly developing economy, based on statistics compiled by the Department for Promotion of Industry and Internal Trade (DPIIT).
The primary sectors that have reaped the benefits of FDI encompass automobile, computer software, IT hardware, telecommunications, pharmaceuticals, chemicals, and various services. Furthermore, the data reveal a significant increase in FDI inflows within the emerging non-conventional energy sector.
Such FDI inflows contribute to greater investment and job creation within the economy, while also introducing cutting-edge technology that elevates productivity and propels economic advancement.
A high-ranking official noted that the Government has improved the ease of doing business and established numerous incentives, including the PLI scheme, which have facilitated the acceleration of FDI into the nation.
The upward trend in FDI has persisted into the current financial year, showcasing a robust 45 percent increase to $29.79 billion during April to September, compared to $20.5 billion in the same timeframe of the previous year, as indicated by DPIIT data.
In the services sector, FDI has risen to $5.69 billion in the first half of the current financial year, up from $3.85 billion during the corresponding period last year.
A breakdown of the figures by state reveals that Maharashtra attracted the highest FDI inflow of $13.55 billion during April to September 2024-25, followed by Karnataka ($3.54 billion), Telangana ($1.54 billion), and Gujarat (approximately $4 billion).
FDI inflows for the July-September quarter saw a significant 43 percent surge to $13.6 billion in the current financial year, compared to $9.52 billion during the same quarter of 2023-24.
In the preceding April-June quarter, the nation recorded a remarkable 47.8 percent increase to $16.17 billion.
