India's FDI surged 45% to $29.79B in H1, with Singapore contributing half of Q3's inflows.

Foreign direct investment (FDI) into India surged 45% year-on-year to USD 29.79 billion in the April-September 2024 period, driven by growth in services, computer, telecom, and pharmaceutical sectors. Singapore emerged as the largest FDI contributor, accounting for 50% of the total inflows in the July-September quarter, or USD 7.5 billion. Overall FDI inflows increased 28% to USD 42.1 billion in the first half of the fiscal year. Major FDI sources included Mauritius, the US, the Netherlands, and the UAE.

December 01, 2024
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