A decline of 51 percent in foreign direct investment (FDI) from China is responsible for 39 percent of FDI's cumulative contraction of 46.6 percent during July-October 2019 over the same period a year before. FDI from China declined to $334.9 million in the first four months (July-October) 2019 from $694.3 million for the same period of last fiscal year.
FDI inflows from Australia decreased from $5.4 million for the same period in 2018 to negative 1.4 million in 2019, Austria from $6.7 million to $0.1 million, Bahrain from $5.3 million to $4.3 million, and Egypt from $18 million to $2.9 million.
Additionally, FDI from Germany declined to $6 million during the first four months of the current fiscal year from $12 million during the same period a year before, from Hungary to $12.6 million in the current fiscal year as opposed to $28.1 in the same period a year before.
FDI from Malaysia declined in the first four months of the current fiscal year to $5.8 million from $120 million a year before, from Netherlands to $3.5 million in the current fiscal year as opposed to $120.9 million from last fiscal year, UK from $74.3 million to $64.5 million.
However, FDI also witness a marginal increase from Italy, Japan, Singapore, Sweden, Switzerland as well as from Turkey and UAE, United States and other countries.
FDI from Italy increased to $16.7 million in the first four months of the current fiscal year to $13.8 million for the four months of fiscal year 2018 and from Japan FDI increased to $24 million from $21 million. From Singapore, FDI increased to $17.1 million in July-October 2019 from $12.8 million in July-October 2018 while FDI from Sweden increased to $6.3 million from 0.2 million and from Switzerland to $36.3 million from $24.5 million.