Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
India received a total foreign direct investment (FDI) inflow of $70.9 billion in fiscal year 2023-24, demonstrating its stability in attracting international investment.
India received the most FDI ($6 billion) in October last year, followed by $5.9 billion in January 2024. The amount of FDI equity received during FY 2023–2024 accounted for $44.4 billion of total FDI flows. For the quarter ending in March 2024, equity inflows were $12 billion, representing a 33% annual increase.
FDI inflows into construction (infrastructure activities), construction development, and power sectors more than doubled in 2023-24. Further, the cumulative amount of FDI inflow into the country stood at $990 billion and the cumulative amount of EDI Equity inflow into India stands at $678 billion during the period April 2000 to March 2024.
The largest contributor to the country's FDI inflow was Mauritius, with 25%, followed by Singapore, which infused 24% of the total FDI inflow in the country. The share of the USA stood at 10%, the Netherlands at 7%, and Japan at 6% from April 2000 to March 2024.
According to government data, Singapore has continued to be the largest contributor to India's FDI inflow since 2018-19. In 2017-18, India attracted the maximum FDI from Mauritius.
The major beneficiary of the FDI inflow during the financial year 2023-24 was Maharashtra, with 30%, followed by Karnataka, which received 22%. Gujarat received 17% of total FDI inflows. The national capital, Delhi, received 14% and Tamilnadu, 5% of total FDI inflows. FDI is a major driver of economic growth and an essential source of non-debt finance for the economic development of the country.
Also Read : Construction work of three underground metro stations begins Construction equipment sales up 26% to 1,35,650 units in FY24
India will turn to Congo for critical mineral access, primarily copper and cobalt. A draft MoU has b...
Non-Ferrous 12-Apr-2024
US President Joe Biden on Friday paused approvals for pending and future applications to export liqu...
USA 27-Jan-2024
Tata Motors has collaborated with the Leadership Group for Industry Transition (LeadIT), a global al...
Large Corporate 12-Feb-2024
$2.1B investment for European business support. $565M debt to convert into equity. Move to streaml...
Business 13-May-2025
Gujarat Fluorochemicals arm GFCL EV Products declared an investment of ₹6,000 crore for increasing p...
Automobiles 07-Feb-2024
1️⃣ New rolling mill in Ludhiana to begin production by April 2025, boosting local steel capacity.2️...
Business 28-Mar-2025