Delhi-NCR overtakes Maharashtra in top FDI destination

The NCR region, which covers the national capital and parts of Uttar Pradesh (UP) and Haryana, has pipped long-standing leader Maharashtra, in attracting FDI (foreign direct investment) equity inflows into the country.

New Delhi received FDI equity inflows to the tune of Rs 57,333 crore ($8.3 billion) in the first nine months of 2018-19 (FY19), data released by DIPP (Department for Promotion of Industry and Internal Trade) showed. FDI equity inflows aggregated about $33.5 billion in first nine months of fiscal year 2018-19, a 7% decline compared to the same corresponding period in the previous fiscal year