Government anticipates rise in FDI inflows in coming months

6 Jan 2023 , 11:20 AM

The government is expecting an increase in foreign direct investment (FDI) inflows in the upcoming months despite global headwinds, a senior official of the industry department said on Thursday. As per the report from ‘Economic Times’, the official said at present, the number of pending FDI proposals from China are its lowest.

‘Foreign inflows have an effect because of the global slowdown that we are seeing for the last 18 months but we are positive as India has shown very great numbers worldwide compared to the rest of the countries. So, we are hoping that we would be making up for all that,’ said Manmeet K Nanda, Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT).

FDI equity inflows tumbled nearly a quarter to $10.3 billion in the quarter to September 2022 from $13.6 billion a year earlier. In the first half of this fiscal year, FDI equity inflows contracted 14% to $26.91 billion from $31.5 billion a year earlier, while total inflows were 8.8% lower at $39.09 billion in the April-September period from $42.86 billion a year ago.

Joint Secretary Nanda said investments and equity inflows usually improve towards the last quarter of a financial year. 

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