Net FDI in India more than doubles in Apr-Aug 2024, shows RBI data

Net foreign direct investment (FDI) in India has shown significant growth, more than doubling from US$ 3.26 billion to US$ 6.62 billion between April and August 2024. According to the Reserve Bank of India's October bulletin, gross inward FDI rose to US$ 36.1 billion, up from US$ 27.4 billion during the same period last year. Repatriation and disinvestment reached US$ 20.76 billion, compared to US$ 18.88 billion in the previous year. Approximately two-thirds of the gross FDI were directed towards manufacturing, financial services, communication, and energy sectors. Most of these investments came from Singapore, Mauritius, the UAE, the Netherlands, and the US.

The “State of Economy” report highlighted that India’s medium-term economic outlook remains positive, supported by ongoing reforms, infrastructure improvements, and advancements in sustainable technologies. These are expected to bolster growth and attract further FDI, particularly manufacturing.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.