FDI In India: There has been a decline in foreign direct investment in the country in the current financial year. During April-December of the financial year 2022-23, foreign direct investment (FDI) has decreased by 15 percent to $ 36.75 billion. The Department for Promotion of Industry and Internal Trade (DPIIT) has released these figures.
Foreign investment has decreased in 2022-23, whereas foreign investment of $ 43.17 billion came during the same period in 2021-22. In the current financial year, between April and December, the total FDI inflow, which includes investments in the stock market and other capital investments, has come down to $ 55.27 billion, compared to $ 60.4 billion in the same period last year.
According to statistics, the maximum foreign investment in 2022-23 has come from Singapore. Singapore has been the top investor with foreign investment of $13 billion. It is followed by Mauritius with $4.7 billion, US $5 billion, United Arab Emirates $3.1 billion, Netherlands $2.15 billion. Foreign investment of $ 1.4 billion has come from Japan and $ 1.15 billion from Cyprus.
In the nine months of this financial year, an investment of $ 8 billion has come in the computer software and hardware sector. After this comes the turn of services, in which FDI has come at $ 6.6 billion, $ 4.14 billion in trading, $ 1.5 billion in chemicals, $ 1.27 billion in automobile industry and $ 1.22 billion in construction activity.
The global economic situation is responsible for the decrease in foreign investment in 2022-23. After rising inflation due to Russia-Ukraine war, developed and developing countries of the world are facing economic crisis. Inflation in America and Europe has reached the highest level of 40 years, due to which the Central Bank is continuously increasing the cost of loans. Due to this, investors are continuously withdrawing their investment from emerging markets. There is a possibility of a recession in Europe.
read this also
Barmer Refinery: Project cost of Rajasthan’s Barmer Refinery increased by 68% in 5 years!