Calling India a land of opportunities, PM Narendra Modi reposed his faith in the country’s economy during his address at the G20 Trade and Investment Ministers’ meeting. As one of the fastest-growing economies in the world, with huge consumption demand, the country is attracting many global investors. The government has also rolled out various reforms to spur foreign investments. As a result, FDI has doubled in the past decade
Since FY01, India has seen a nearly 18-fold increase in FDI inflows, totalling around $920 billion. FDI inflows include equity inflows, reinvested earnings and other capital
The total FDI inflows into India in Q1FY24 stood at $17.57 billion, which was down 21.39 per cent compared to Q1FY23
Maharashtra, Karnataka and Gujarat, the top three states in attracting FDI, together received 70 per cent of India’s total inflows between October 2019 and June 2023
The FDI equity inflows Maharashtra received between October 2019 and June 2023 was $58.43 billion
For India, Mauritius, Singapore and the US have emerged as the top sources of FDI
The services sector in India has received the maximum FDI equity inflows since April 2000
Mirroring strong inflows, banking and IT indices have outperformed the benchmark BSE Sensex by a wide margin in the past 20 years