FDI increases by 88pc in August

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The Foreign Direct Investment (FDI) into the country increased by 87.94 percent on month-on-month basis during August 2022 against the inflows of July 2022, according to report by finance ministry.

The FDI inflows were recorded at $ 110.7 million in August 2022 as against an inflow of $ 58.9 million in July 2022, says ‘Economic Update and Outlook for September 2022’.

During the first two months of current fiscal year the inflows however witnessed declined of 26.1 percent when compared to the corresponding period of last year. The FDI reached $ 169.5 million during July-August 2022-23 against $229.5 million during July-August (2021-22). According to the beak up figures, FDI received from China stood at $32.7 million (21.5 percent of total FDI), U.A.E $ 25.5 million (19.6 percent). —APP

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