Foreign direct investment (FDI) equity inflows in India dropped by 24% to $20.48 billion in April-September 2023, primarily due to lower investments in computer hardware and software, telecom, auto, and pharma sectors. The decline in FDI inflows was observed in the first six months of the fiscal year and continued to decrease in April, May, June, July, and August. However, in September, it rose to $4.08 billion compared to $2.97 billion in the same month last year.