Question
FDI inflows stood at USD 16.58 billion during April-June
2022-23.Total FDI, which includes equity inflows, reinvested earnings and other capital, contracted 21.4 per cent to _______ during the said period .Solution
According to the data provided by the government, foreign direct investment (FDI) into India declined 34 percent to USD 10.94 billion during April-June 2023-24, dragged by lower inflows in computer hardware and software, telecom, auto and pharma. FDI inflows stood at USD 16.58 billion during April-June 2022-23. Total FDI, which includes equity inflows, reinvested earnings and other capital, contracted 21.4 per cent to USD 17.56 billion during the period under review as against USD 22.34 billion in April-June 2022.
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