FDI inflows fall 34% to $11 billion in June quarter as MNCs go slow

Foreign direct investment (FDI) equity inflows dropped 34% to $10.9 billion during the June quarter from the year-ago period, government data showed. Amid an aggressive investment pitch by India, government officials said companies are holding back on fresh funding due to the slowdown in Europe and the US, which have been aggravated by geopolitical tensions.

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