Net FDI inflows at 35-month high of $3.95 bn in April

March had seen net outflows of $438 mn, with 6 of the last 9 months of 2024-25 seeing outflows on a net basis

- SIDDHARTH UPASANI

INDIA RECEIVED NET foreign direct investment (FDI) of $3.95 billion in April, the most in 35 months and more than double from a year ago, data released by the Reserve Bank of India (RBI) on Wednesday showed, while spending on foreign studies under the central bank's Liberalised Remittance Scheme (LRS) was down year-on-year for the ninth month in a row. The surge in foreign investments in the first month of the current fiscal came after March had seen net outflows of $438 million, with six of the last nine months of 2024-25 seeing outflows on a net basis.