• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Nation

India Records 26 Pc Jump In FDI Flows In First Quarter

OMMCOM NEWS by OMMCOM NEWS
August 20, 2024
in Nation
FDI Growth

Mumbai: The gross foreign direct investment (FDI) flowing into the Indian economy has surged by 26.4 per cent to $22.5 billion during the April-June quarter of the current financial year compared to the same quarter of the previous year, according to the RBI’s latest monthly bulletin.

This has resulted in net FDI shooting up to $6.9 billion during the first quarter of 2024-25, compared to $4.7 billion in the same period of 2023-24, the report states.

Manufacturing, financial services, communication services, computer services, electricity and other energy sectors accounted for about 80 per cent of the gross FDI inflows.

The major source countries for the FDI include Singapore, Mauritius, the Netherlands, the US, and Belgium which account for as much as 75 per cent of the FDI, according to the RBI report.

Net FDI flow had dropped sharply to $9.8 billion in 2023-24 from $28 billion in the previous year. In FY22, net FDI flows into the country were $38.6 billion.

The report is upbeat on the performance of the country’s external sector.

“There are signs of a revival of net exports as a lever of India’s growth as after the contraction in 2023- 24, outbound shipments from the country are undergoing an expansion in 2024-25 so far. Barring China, nine of the top 10 destinations accounting for about half of the total value of exports are recording growing demand,” according to the report.

India’s export basket is also undergoing a shift towards electronics and engineering goods even as traditional products such as gems and jewellery, textiles, garments, leather products and marine products are losing competitiveness, the report points out.

The report also states that global capability centres are setting the next steps in this export drive, including in the evolution of business and knowledge process outsourcing.

The business services that support operations such as consulting, engineering, research and design are rapidly becoming India’s export powerhouse, surpassing software and information technology, the report adds.

RBI Governor Shaktikanta Das said earlier this month that India’s foreign exchange reserves reached a historical high of $675 billion as of August 2, 2024 as overall, India’s external sector remains resilient with key indicators continuing to improve.

“We remain confident of meeting our external financing requirements comfortably,” Das said.

He also said that India’s current account deficit (CAD) moderated to 0.7 per cent of GDP in 2023-24 from 2.0 per cent of GDP in 2022-23 due to a lower trade deficit and robust services and remittances receipts. In Q1:2024-25, the merchandise trade deficit widened as imports grew faster than exports, he added.

The RBI chief further stated that buoyancy in services exports and strong remittance receipts are expected to keep CAD within a sustainable level in Q1:2024-25.

(IANS)

Tags: Foreign Direct Investment (FDI)Indian economyRBI
ShareTweetSendSharePinShareSend
Previous Post

Raids At Unit-1 Haat In Bhubaneswar To Check Potato And Onion Blackmarketing

Next Post

Rahul Pays Tribute To Rajiv Gandhi On His Birth Anniversary, Says ‘Your Dreams For India Are My Own’

Related Posts

Pralhad Joshi
Nation

‘Mohabbat Ki Dukaan To Jhoot Ki Dukaan’: Pralhad Joshi Slams Rahul Gandhi For ‘Attacking’ ECI

August 8, 2025
Delhi Assembly Speaker Vijender Gupta
Nation

Delhi Speaker Refers Four CAG Reports Related To AAP Govt Era To PAC For Examination

August 8, 2025
Chhota Bheem
Nation

Central Govt Launches ‘Chhota Bheem’ Comic Series To Boost Indian Storytelling

August 8, 2025
Piyush Goyal
Nation

India Negotiating Trade Pacts With Several Nations, Including US: Piyush Goyal

August 8, 2025
Gurnam Singh Charuni
Nation

Gurnam Singh Charuni Backs PM Modi’s Pro-Farmer Stand, Slams US Tariff Decision

August 8, 2025
Mata Janaki Temple
Nation

NDA Leaders Hail Amit Shah’s Participation In Mata Janaki Temple Ceremony As ‘Historic’

August 8, 2025
Next Post

Rahul Pays Tribute To Rajiv Gandhi On His Birth Anniversary, Says 'Your Dreams For India Are My Own'

Weather Warning: Rain & Thunderstorms Likely In 17 Odisha Dists In 3 Hours

Bengal Governor Meets President, Vice-President Amid Stir Over Kolkata Horror

khimji
TPCODL
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.