Foreign direct equity investments from top-6 nations shrink in H1

After witnessing a robust growth for two years, foreign direct equity investments during April-September declined 14 per cent on year to $26.9 billion

Foreign direct equity investments from six out of the top-10 investing countries/regions — Mauritius, United States, United Kingdom, Netherlands, Germany, and Cayman Islands — witnessed a contraction during the first half of the financial year compared to the year-ago period.

This was mainly due to challenges in the external sector, owing to quantitative tightening and recessionary trends across major developed economies.

Even on a sequential basis, foreign direct investment (FDI) in equity investments have consistently been on a downward spiral since April.

After witnessing a robust growth for two years, foreign direct equity investments during April-September declined 14 per cent year-on-year (YoY) to