Insta
Brushing Aside Slowdown Blues, India’s Foreign Investment Inflows In First Half Of 2019-20 Rise By 15 Per Cent
Swarajya Staff
Jan 07, 2020, 01:15 PM | Updated 01:15 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Despite slowdown in the domestic economy, India in the first half of the ongoing financial year witnessed the Foreign Direct Investment (FDI) inflows rise by 15 per cent in dollar terms, reports Financial Express.
The rise in FDI inflows at a time when the global economy and investment environment are witnessing subdued growth reflects the confidence held by international investors in the Indian market and economy.
Almost 70 per cent of the inflows were attracted by Maharashtra, Delhi, Karnataka, and Gujarat alone, with Delhi evolving as the biggest FDI puller of them all with a share of 27 per cent in the total inflows.
Further it should be noted that the FDI inflows garnered by Delhi in the first half of 2019-20 was also a 27 per cent jump from the inflows attracted in the same period during 2018-19.
Also, the biggest chunk of FDI was channeled into the services sector, including finance, banking, insurance, non-financial business, outsourcing, courier, technology testing and analysis, and R&D.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.