India’s FDI grows 28pc in Q1 FY20

6 September, 2019 12:00 AM printer

NEW DELHI: Foreign direct investment into India grew by 28 per cent to $16.33 billion during the first quarter of the current fiscal, according to government data.

Inflow of foreign direct investment (FDI) during April-June of 2018-19 stood at 12.75 billion.

Sectors which attracted maximum foreign inflows during April-June 2019-20 include services ($2.8 billion), computer software and hardware ($2.24 billion), telecommunications ($4.22 billion), and trading ($1.13 billion), the commerce and industry ministry data showed.

Singapore emerged as the largest source of FDI in India during the first quarter of the fiscal with $5.33 billion investments.