Foreign direct investment  FDI  into India declined 34 per cent to $10.94 billion during April-June 2023-24, dragged by lower inflows in computer hardware and software, telecom, auto and pharma, according to government data. Sector wise, inflows contracted in computer software and hardware, trading, telecommunication, automobile, pharma and chemicals.
FDI into India fell by 34% to $10.94 billion in Q1 2023-24, primarily due to reduced inflows in computer hardware and software, telecom, auto, and pharma sectors.