The Commerce and industry ministry in its latest data has showed that in the first nine months (April-December) of current financial year (FY19) Foreign direct investment (FDI) into India contracted by 7% to $33.49 billion as compared to $35.94 billion in same period of last financial year (FY18). A decline in FDI inflows could put pressure on the country's balance of payments and may also impact the value of the rupee.
The key sectors that received the maximum FDI during April-December period of FY19 include services ($5.91 billion), computer software and hardware ($4.75 billion), telecommunications ($2.29 billion), trading ($2.33 billion), chemicals ($6.05 billion), and the automobile industry ($1.81 billion).
Singapore was the largest source of FDI during April-December 2018-19 with $12.97 billion inflow, followed by Mauritius ($6 billion), the Netherlands ($2.95 billion), Japan ($2.21 billion), US ($2.34 billion), and the UK ($1.05 billion).