New Delhi, 2 December (H.S.): In the first half of the current financial year, India has seen a remarkable growth of 45% in its Foreign Direct Investment (FDI) inflows, reaching a total of $29.79 billion compared to $20.5 billion in the same period last year.

This significant increase in FDI has benefitted various sectors of the economy such as services, automobile, computer software, IT hardware, telecom, and pharmaceuticals and chemicals. The inflow of FDI leads to higher investments and job creation, along with the introduction of better technology in the country.

The services sector has seen a major rise in FDI, reaching $5.69 billion in the first half of the current fiscal year compared to $3.85 billion in the same period last year. Additionally, non-conventional energy also received a significant amount of FDI at $2 billion. The data also shows a 43% increase in FDI inflows during the July-September quarter alone, with Maharashtra being the top recipient with $13.55 billion followed by Karnataka, Telangana, and Gujarat.

The main countries contributing to FDI inflows were Mauritius, the US, Netherlands, UAE, Cayman Islands, and Cyprus.

Hindusthan Samachar / JUN