FDI inflows into India cross $1 trillion, establishes country as key investment destination

India's FDI inflows surpass $1 trillion milestone, attracting investments from Mauritius, Singapore, U.S., and more, driving growth across sectors.

Foreign direct investment (FDI) inflows into India have crossed the $1 trillion milestone in the April 2000-September 2024 period, firmly establishing the country’s reputation as a safe and key investment destination globally.

According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), the cumulative amount of FDI, including equity, reinvested earnings and other capital, stood at $1,033.40 billion during the said period.

About 25% of the FDI came through the Mauritius route. It was followed by Singapore (24%), the U.S. (10%), the Netherlands (7%), Japan (6%), the U.K. (5%), the UAE (3%) and Cayman Islands, Germany and Cyprus accounted for 2% each.

India received $177.18 billion from Mauritius, $167.47 billion from Singapore and $67.8 billion from the U.S. during the period under review, as per the data.

The key sectors attracting the maximum of these inflows include the services segment, computer software and hardware, telecommunications, trading, construction development, automobile, chemicals, and pharmaceuticals.

According to the Commerce and Industry Ministry, since 2014, India has attracted a cumulative FDI inflow of $667.4 billion (2014-24), registering an increase of 119% over the preceding decade (2004-14).

FDI equity inflows into the manufacturing sector over the past decade (2014-24) reached $165.1 billion, marking a 69% increase over the previous decade (2004 -14), which saw inflows of $97.7 billion, an official has said.