India's net FDI rises to $5.5 billion in Q1FY25: RBI report
Mumbai: India's net foreign direct investment (FDI) rose to $5.5 billion during the April-July period of the current financial year (FY25), up from $3.8 billion in the same period last year, Business Standard reported citing the latest Reserve Bank of India (RBI) report.
This increase was driven by a 23.6 percent year-on-year (Y-o-Y) rise in gross inward FDI, which reached $27.7 billion during the four months of FY25.
Repatriation and divestment by foreign investors in India increased to $15.9 billion in the first four months of the financial year, compared to $14.7 billion in the same period last year, according to RBI data.
Sectors such as manufacturing, financial services, communication services, computer services, electricity, and other energy industries accounted for over three-fourths of the gross FDI inflows.
"With more than three-fourths of the flows, the major source countries were Singapore, Mauritius, the Netherlands, the US, Belgium, and Japan," stated the RBI’s state of the economy report.
Net FDI flow had dropped significantly to $9.8 billion in FY24 from $28 billion in the previous year, with FY22 seeing net FDI flows of $38.6 billion.
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