A further surge in foreign direct investment (FDI) is anticipated in India as the country continues to remain one of the favoured destinations for investment by foreign enterprises, according to Care Ratings. In the second half of fiscal 2019-20, the Indian rating agency has anticipated FDI equity inflows to the tune of around $25 billion.
The monthly trend of FDI inflow, however, doesn’t show a very positive movement. FDI in India rose by 15 per cent (in $ terms) in the first half of this fiscal: the maximum FDI was received in June ($7,282 million), which drastically fell in the following months to a mere $2,741 million in September, according to the Department for Promotion of Industry and Industrial Trade (DPIIT).A further surge in foreign direct investment (FDI) is anticipated in India as the country continues to remain one of the favoured destinations for investment by foreign enterprises, according to Care Ratings. In the second half of fiscal 2019-20, the Indian rating agency has anticipated FDI equity inflows to the tune of around $25 billion.#
In the first half, Maharashtra, Delhi, Karnataka and Gujarat accounted for more than 70 per cent of the total FDI equity inflows. Delhi had the highest 27 per cent share in the total FDI equity inflows and these inflows were 27 per cent higher on-year, according to the report.
Services sector, including financial, banking, insurance, non-financial business, outsourcing, research and development, courier, and technology testing and analysis, continued to receive the highest FDI equity inflows aggregating $4.5 billion in the first half of this fiscal.
Fibre2Fashion News Desk (DS)
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