“Foreign capital inflows have had an impact due to the global downturn we’ve seen over the past 18 months… but we expect (like) India showed very large numbers compared to the rest of the countries. So we hope that we will make up for all of that,” said Manmeet K Nanda, joint secretary of the Department for the Promotion of Industry and Internal Trade (Department of Planning and Investment).
Foreign direct investment inflows into equity fell by almost a quarter to $10.3 billion in the quarter to September 2022 from $13.6 billion a year earlier. During the first half of this fiscal year, foreign direct investment inflows into equity fell 14% to $26.91 billion from $31.5 billion a year earlier, while total inflows 8.8% lower at $39.09 billion for the April-September period from $42.86 billion a year ago.
Nanda said investments and equity flows typically improve in the last quarter of the fiscal year. Regarding the number of pending FDI proposals from China according to Report No. 3, 2020, she said “waiting times are probably the lowest at this point”.
According to the press release, the government has made pre-approval mandatory for foreign investments from countries that share a land border with India to limit institutional takeovers. association for domestic companies after the pandemic.
