India's FDI Surge: A Global Investment Rush

Foreign direct investment in India increased by 18% to USD 35.18 billion in the first half of the current fiscal year. The US witnessed the most significant rise in FDI inflows, doubling to USD 6.62 billion. Singapore remains the largest single contributor, providing USD 11.94 billion.

Foreign direct investment (FDI) in India saw a significant rise of 18% to USD 35.18 billion between April and September of the current fiscal year, as revealed by recent government data. This surge was prominently driven by a substantial increase in inflows from the United States, which more than doubled to USD 6.62 billion.

The period also highlighted Singapore's position as the largest source of FDI, contributing USD 11.94 billion, followed by the US and Mauritius. Among sectors, computer software and hardware attracted the most investment, with inflows reaching USD 9 billion. This reflects the sector's expanding attractiveness to global investors.

Reforms across various sectors, facilitated by an investor-friendly FDI policy, have played a vital role in this growth. States such as Maharashtra and Karnataka emerged as top beneficiaries, reinforcing India's growing map of investment destinations. These developments underscore the effectiveness of India's liberalised FDI landscape in attracting substantial foreign investments.

(With inputs from agencies.)