Foreign Direct Investment (FDI) inflows into India from April 2000 to September 2024 have soared to the $1,033.40 billion mark, reflecting the increasing investment opportunities in the country’s fast-growing economy, according to figures compiled by the Department for Promotion of Industry and Internal Trade (DPIIT).

The main sectors of the economy benefiting from FDI include automobiles, computer software, IT hardware, telecom, pharmaceuticals, chemicals, and services. The data also show that FDI inflows in the sunrise non-conventional energy sector have recorded a significant jump.

FDI inflows lead to higher investments, job creation, and the introduction of state-of-the-art technology, which raises productivity levels and spurs economic growth.

A senior official stated that the government has facilitated ease of doing business and implemented various incentives, such as the PLI scheme, which have helped accelerate FDI inflows into the country.

The surge in FDI has continued into the current financial year, with a robust 45 percent jump to $29.79 billion in April-September, compared to $20.5 billion during the same period in 2023-24, according to DPIIT data.

FDI in services has increased to $5.69 billion during the first half of the current financial year, compared to $3.85 billion in the same period last year.

A state-wise analysis of the figures shows that Maharashtra received the highest inflow, with $13.55 billion during April-September 2024-25. It was followed by Karnataka ($3.54 billion), Telangana ($1.54 billion), and Gujarat (about $4 billion).

FDI inflows for the July-September quarter jumped by 43 percent to $13.6 billion during the current financial year, compared to $9.52 billion in the same quarter of 2023-24.

In the preceding April-June quarter, the country recorded a 47.8 percent increase to $16.17 billion.

(Inputs from IANS)