Other sectors where foreign investor interest was high are automobiles, telecom, trading, pharma and chemicals.

Foreign Direct Investment (FDI) equity flows into India jumped 48% on year in April-June quarter to $16.1 billion with services sector, computer software and non-conventional energy sectors bringing in bulk of these, according to data by Department for Promotion of Industry and Internal Trade.

Other sectors where foreign investor interest was high are automobiles, telecom, trading, pharma and chemicals.

Service sector, which includes financial, banking and business outsourcing, saw FDI of $3.9 billion in April-June this year as against $6.6 billion in the same period last year.

In computer software and hardware the inflows slumped to $2.7 billion from $7.9 billion last year. In trading the FDI declined to $460 million from $3.8 billion.

In non-conventional energy FDI was down to $1.0 billion from $3.7 billion.

Most of the FDI in April-June of around $3.9 billion was routed through Singapore. Mauritius was the second biggest source of FDI during the period with inflows of $3.2 billion, followed by the Netherlands at $2.4 billion.

Total FDI, which includes equity inflows, reinvested earnings and other capital, grew by 28 per cent to $22.49 billion during the first quarter of this fiscal from $17.56 billion in April-June 2023-24.

In 2023-24 FDI equity inflows had declined 3.5% on year to $44.4 billion.

https://www.financialexpress.com/market/foreign-direct-investment-equity-flows-jump-48-in-april-june-quarter-to-16-1-billion-3600723/?ref=hometop_hp