Foreign direct investment (FDI) into India in the July-September quarter of 2021-22 fell a sharp 42% on year at $13.5 billion from $23.4 billion a year ago. However, the inflows were up 39.17% from the pre-pandemic period of July-September FY20.
Total FDI inflows includes equity inflows, re-investment earnings and other capital was down by 30% on-year at $19.7 billion in the second quarter compared to $28.1 billion in the September quarter of FY21.
FDI into India in the first quarter of 2021-22 more than double to $17.5 billion in the quarter to June from $6.56 billion in the year-ago period. In the first half of the fiscal, India attracted $31.1 billion of FDI equity inflows, up to 4%.
Singapore was the top source for FDI in the first six months of FY22 and the US stood at second position.