Foreign direct investment falls 11% during Apr-Sep

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Share Market TipsForeign direct investment (FDI) into India declined 11 percent to $22.66 billion during April-September period of the current fiscal, according to Commerce and Industry Ministry data.

The foreign fund inflows during April-September 2017-18 stood at $25.35 billion.

Singapore was the largest source of FDI during April-September 2018 with $8.62 billion inflow, followed by Mauritius ($3.88 billion), the Netherlands ($2.31 billion), Japan ($1.88 billion), the US ($970 million), and UK ($845 million).

FDI had increased at a five-year low growth of 3 percent at $44.85 billion in 2017-18.

A decline in foreign inflows could put pressure on the country's balance of payments and may also impact the value of the rupee.

Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions.

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