India’s foreign direct investment equity inflows rose 6 percent to $19.81 billion in the April-June quarter, according to Department for Promotion of Industry and Internal Trade data.

The figure compares with $18.62 billion in the same quarter last year. Japan emerged as the top investor with $5.71 billion, ahead of Singapore at $5.22 billion and Mauritius at $2.31 billion. Inflows from the United States fell sharply, dropping over 76 percent to $1.34 billion.

Tamil Nadu was the top state destination, attracting $5.95 billion, or 30 percent of the national total. The jump was driven largely by a landmark investment from Japanese major MUFG into Shriram Finance. Maharashtra came second at $4.22 billion. Total FDI, including reinvested earnings and other capital, rose 22 percent to $30.65 billion.

Services attracted the most money at $7.04 billion. Computer software and hardware drew $2.84 billion, followed by trading at $1.92 billion and non-conventional energy at $1.24 billion.

Why it matters: the numbers show global firms still betting on India despite trade uncertainties, though the sharp fall in US money bears watching. The full-year trajectory will depend heavily on how trade frameworks, especially with Washington, evolve.