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 including equity inflows, re-invested earnings and other capital was down 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 doubled 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 4% on-year.
Singapore was the top source of FDI in the first six months of FY22 and the US was at the second position.