Oct FDI declines by about 37%
The FDI equity inflows for the month of Oct 2013 are estimated at around US$ 1.22 bn as against about US$ 1.94 bn in Oct 2012, posting negative growth (Y-o-Y) of around (-) 37%. The growth in FDI equity inflows stands at around (-) 37.7% in Sep 2013, (-) 38% in Aug 2013, 12% in July 2013, 16% in June 2013, 23% in May 2013 and 25% in April 2013.
Trend in growth of FDI equity inflows over the months (in %)
Source: PHD Research Bureau compiled from Department of Industrial Policy & Promotion.
The total FDI equity inflows, in the period April-Oct 2013-14 are estimated at around US$ 12.6 bn; representing negative growth of around (-) 15% over the FDI equity inflows of about US$ 14.8 bn for the corresponding period last year.
Recent trend in FDI equity inflows (FY 2014)
Financial Year 2013- 2014 (April-March)
|
Amount of FDI equity inflows
| ||
(In Rs. Crore)
|
(In US$ mn)
| ||
1
|
Apr-13
|
12,623
|
2,322
|
2
|
May-13
|
8,974
|
1,631
|
3
|
Jun-13
|
8,432
|
1,444
|
4
|
Jul-13
|
9,903
|
1,657
|
5
|
Aug-13
|
8,899
|
1408
|
6
|
Sep-13
|
18,585
|
2,915
|
7
|
Oct-13
|
7,556
|
1,226
|
2013-14 (from April-Oct 2013)
|
74,972
|
12,603
| |
2012-13 (from April-Oct 2012)
|
80,427
|
14,787
| |
%age growth over last year
|
(-) 7%
|
(-) 15%
|
Source: PHD Research Bureau compiled from Department of Industrial Policy & Promotion.
Mauritius tops the chart as an investing country, with the top investing sectors being the services sector (includes financial, banking, insurance, non-financial / business, outsourcing, R&D, courier, tech. testing and analysis). Also, Mumbai and New Delhi are observed to be the cities attracting the highest FDI equity inflows.
Service sector and construction development constitute the highest share in attracting FDI equity inflows during April 2000-Oct 2013 of around 19% and 11%, respectively. Telecommunications, Computer software and hardware as well as drugs and pharmaceuticals posted share of 6% and Chemicals (other than fertilizers) constitute about 5%. Automobile Industry, Power and Metallurgical Industries constitute share of about 4% in FDI equity inflows and Hotel and tourism constitute share of about 3% during the same period.
Sector wise contribution in FDI equity inflows (%)
Source: PHD Research Bureau, compiled from Department of Industrial Policy & Promotion.
The data represents share of sector in total FDI equity inflows for the cumulative period of April’00- Oct 2013
Note: ** Services sector includes financial, banking, insurance, non-financial / business, outsourcing, R&D, courier, tech. testing and analysis
Warm regards,
Dr. S P Sharma
Chief Economist
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