According to data released by Ministry of Commerce, Foreign Direct Investment (FDI) inflows to India declined by 7% to US $ 33.49 billion during April-December in the financial year 2018-19. It was US $35.94 billion during same period in 2017-18.
Contraction of FDI inflows may have impact on country’s balance of payments (BoP) and also adversely affect value of rupee (resulting in depreciation).
Sectoral wise breakup of FDI: Services ($5.91 billion), computer software and hardware ($4.75 billion), telecommunications ($2.29 billion), trading ($2.33 billion), chemicals ($6.05 billion) and automobile industry ($1.81 billion).
Top FDI countries: Singapore ($12.97 billion) followed by Mauritius ($6 billion), Netherlands ($2.95 billion), Japan ($2.21 billion), US ($2.34 billion) and UK ($1.05 billion).