Overview
- Net foreign direct investment plunged 98% year-on-year to $35 million in May and dropped 99% from April levels.
- Overseas investors repatriated a record $5 billion in profits, marking a 24% increase from May 2024.
- Gross FDI inflows declined 11% to $7.2 billion, with more than 75% coming from Singapore, Mauritius, the UAE and the United States.
- Key recipient sectors included manufacturing, financial services and computer services, while outward FDI rose to $2.1 billion.
- India’s foreign exchange reserves remained robust at $696.7 billion, covering over 11 months of imports and 95% of external debt.