What’s in the news?

• According to the latest data from the Department for Promotion of Industry and Internal Trade (DPIIT), Foreign direct investment (FDI) equity inflows in India declined 3.49 per cent to USD 44.42 billion in 2023-24 due to lower infusion in sectors such as services, computer hardware and software, telecom, auto and pharma. FDI inflows stood at USD 46.03 billion during 2022-23. 
• The total FDI — which includes equity inflows, reinvested earnings and other capital — declined marginally by one per cent to USD 70.95 billion during 2023-24 from USD 71.35 billion in 2022-23.
• In 2021-22, the country received the highest ever FDI inflows of USD 84.83 billion. 
• During the last fiscal, FDI equity inflows decreased from major countries, including Mauritius, Singapore, the US, the UK, UAE, Cayman Islands, Germany, and Cyprus. However, inflows increased from the Netherlands and Japan. 
• The data also showed that Maharashtra received the highest inflow of USD 15.1 billion during the last fiscal.

https://economictimes.indiatimes.com/news/economy/indicators/fdi-inflows-into-india-fall-3-5-pc-to-44-billion-in-fy24/articleshow/110563034.cms