FDI inflows to India during April-December 2018
The data released from the Ministry of Commerce and Industries shows that the FDI inflows to India contracted by 7 per cent to USD 33.49 billion during April-December in the financial year 2018-19.
Key Facts about FDI inflow to India
- The FDI inflow during April-December 2018-19 at USD 33.49 was 7 per cent lower than the FDI inflow of USD 35.94 billion during April-December 2017-18.
- The sectoral wise breakup of the FDI in the corresponding period is as listed below: services (USD 5.91 billion), computer software and hardware (USD 4.75 billion), telecommunications (USD 2.29 billion), trading (USD 2.33 billion), chemicals (USD 6.05 billion), and the automobile industry (USD 1.81 billion).
- Singapore was the largest FDI contributor during April-December 2018-19 with USD 12.97 billion inflow.
- Singapore was followed by Mauritius (USD 6 billion), the Netherlands (USD 2.95 billion), Japan (USD 2.21 billion), US (USD 2.34 billion), and the UK (USD 1.05 billion).
This decline in the FDI inflows could put pressure on the country’s balance of payments and may also adversely impact the value of the rupee.
Categories: Economy & Banking Current Affairs