India's foreign direct investment (FDI) slipped a bit in October, showing both good and bad signs for the market.
In October, total FDI coming into India was $6.5 billion, down from $6.6 billion in September.
Even though the overall figure fell, the net outflow reduced. India saw a net outflow of $1.5 billion in October, better than the $2.3 billion outflow recorded in September.
More than 70% of the inflows came from just three places:
About 60% of the money came from the financial services sector. The next biggest contributors were:
The smaller drop in total FDI and the reduced net outflow suggest a slightly more stable investment environment, but the heavy reliance on a few countries and the financial sector means any changes there could still affect market sentiment.
Remember, this is perspective, not prediction. Do your own research before making any investment decisions.
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