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India’s FDI Rises 18% to $47.8 Billion in Apr–Dec FY26, Official Data Show

Singapore led inflows, with a near-doubling from the US, signaling momentum toward the government’s $100 billion annual target.

Overview

  • Equity inflows reached $47.8 billion for April–December FY26, with total FDI including reinvested earnings at $73.31 billion.
  • In the October–December quarter, equity inflows rose 16.6% year-on-year to $12.69 billion and total FDI climbed to $21.52 billion, with December the strongest month.
  • Singapore was the largest source at about $17.6 billion, followed by the United States at $7.8 billion after an almost twofold increase from a year earlier.
  • Maharashtra led recipient states with $15.38 billion, ahead of Karnataka at $11.15 billion and Gujarat at $5 billion.
  • Computer hardware and software drew $10.7 billion to top sectors, followed by services at $8.4 billion, aligning with Make in India priorities.