Insta
FDI Up By15% During Apr-Sep To $26 Billion
FDI
Foreign direct investment(FDI) into India grew 15 per cent to $26 billion during the first half of the current financial year, PTI reported.
Inflow of FDI during April-September of 2018-19 stood at $22.66 billion.
Sectors, which attracted maximum foreign inflows during April-September 2019-20, include services ($4.45 billion), computer software and hardware ($4 billion), telecommunications ($4.28 billion), automobile ($2.13 billion) and trading ($2.14 billion), the commerce and industry ministry data showed.
Singapore continued to be the largest source of FDI in India during the first half of the financial year with $8 billion investments. It was followed by Mauritius ($6.36 billion), the US ($2.15 billion), the Netherlands ($2.32 billion), and Japan ($1.78 billion).
Recently, the government relaxed foreign investment norms in sectors such as brand retail trading, coal mining and contract manufacturing.
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