India has received $29.44 billion foreign direct investment (FDI), surging by 40 percent during April-December in the current fiscal. The FDI inflows were at $21.04 billion in the same period of previous fiscal. According to data of Department of Industrial Policy and Promotion (DIPP), during the period, the sectors which attracted FDI include computer software and hardware, services sector, trading, automobile and chemicals.
Computer hardware and software segment attracted the highest FDI of $5.30 billion during the period under review, followed by services sector which attracted FDI $4.25 billion, trading business attracted FDI $2.71 billion, and automobile industry attracted FDI of $1.78 billion. However, chemicals sector cornered $1.19 billion foreign equity investment in April-December 2015.
Further, the data highlighted that Singapore was on the top FDI source for India during the period. India received $10.98 billion overseas inflows from Singapore, followed by Mauritius with inflows of $6.10 billion, $3.51 billion was received from US and $2.14 billion from Netherlands, and Japan with inflows of $1.08 billion. In the calendar year 2015, FDI in India grew by 37 per cent to $39.32 billion as against $28.78 billion in the previous year.