FDI in Oct-Dec shrank 44% : Rashtra News
#FDI #OctDec #shrank
The total FDI inflows- which include reinvested earnings-shrank 31.4% to $17.94 billion during October-December as against $26.16 billion in the corresponding period last year.
As per data released by the Department for Promotion of Industry and Internal Trade (DPIIT), FDI equity inflows shrank 16% to $43.17 billion during April-December 2021 from $51.4 billion a year ago.
Singapore was the top source of foreign investment followed by Mauritius.
Among sectors, computer software and hardware attracted the highest inflows of $10.25 billion in the first nine months of the fiscal, followed by the automobile industry at $5.96 billion, and services at $5.35 billion.
Statewise, Karnataka, Maharashtra and Delhi attracted the most FDI.
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( News Source :Except for the headline, this story has not been edited by Rashtra News staff and is published from a economictimes.indiatimes.com feed.)
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