New Delhi, May 27 (PTI) Foreign direct investment in India fell 24.5 per cent year-on-year to USD 9.34 billion in the January-March quarter of 2024-25 but grew 13 per cent at USD 50 billion during the entire previous financial year, according to the government data released on Tuesday.

FDI inflows during January-March 2023-24 stood at USD 12.38 billion. It was USD 44.42 billion in the full 2023-24 fiscal.

Also Read | 'Blessings and Love to My Nephew': 2 Days After Expulsion From RJD, Tej Pratap Yadav Congratulates Tejashwi Yadav on Birth of Son.

During the October-December quarter of 2024-25 also, the inflows were contracted by 5.6 per cent year-on-year to USD 10.9 billion due to global economic uncertainties.

Total FDI, which includes equity inflows, reinvested earnings and other capital, grew by 14 per cent to USD 81.04 billion during the last financial year. It is the highest in the last three years. The same stood at USD 71.3 billion in 2023-24.

Also Read | Errol Musk, Father of Billionaire Elon Musk, to Visit Ram Temple in Ayodhya in June, Say Sources.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)