Inflows including reinvested earnings totalled $30.6 billion in the three months ended June, according to data issued by the Department for Promotion of Industry and Internal Trade (DPIIT).
Equity inflows from Japan were $5.7 billion, Singapore $5.2 billion and Mauritius at $2.3 billion during the period. FDI from the US dipped by over 76% to $1.34 billion in April-June FY27 from $5.61 billion in the same period of 2025-26. Among sectors, services attracted the highest investment from overseas at $7 billion, followed by computer hardware and software at $2.8 billion.
Services sector includes financial, banking, insurance, non-financial / business, outsourcing, R&D, courier, tech testing and analysis.
Tamil Nadu was the top state receiving FDI of $5.9 billion.
PLI Scheme Success
Maharashtra got $4.2 billion FDI in the June quarter. India received $12 billion of FDI in April, the data showed.
Commerce and industry minister Piyush Goyal said FDI scaled a record $94.53 billion last fiscal year, boosting cumulative inflows to $843 billion between FY15 and FY26.Highlighting the government’s production-linked incentive (PLI) schemes targeted across several sectors, Goyal said it spawned ₹2.4 lakh crore in actual investment, ₹23.8 lakh crore in production and sales, and ₹15.2 lakh crore in exports.
The schemes also helped create more than 1.46 million direct and indirect jobs, Goyal said in a post on X to mark 12 years of the Make in India programme.
He noted that sectors such as electronics and telecom, pharmaceuticals, medical devices, automobile, IT hardware, and speciality steel significantly benefited from the PLI schemes.
“The numbers tell an encouraging story…Ease of Doing Business reforms have simplified regulations and reduced the compliance burden, while reforms in key sectors have created new opportunities for investment and manufacturing,” said Goyal, adding more than 4.7 billion orders were placed through the Open Network for Digital Commerce (ONDC) so far.
Launched in 2014, the Make in India initiative is aimed at transforming India into a global manufacturing hub through increased foreign and local investments, eventually enhancing the share of manufacturing in the gross domestic product.
The government is also setting up greenfield industrial smart cities across the country under the National Industrial Corridor Development Programme to build infrastructure for globally competitive manufacturing.