India FDI Inflow in FY 2023: Latest Data Analysis on Investment Landscape

Introduction:

• India remains a bright spot in the world economy despite a decrease in FDI due to global headwinds.
• India’s growth factors include a large labor market, enabling policies, and an expanding digital economy.

FDI Inflows in FY 2023:

• India received its highest-ever FDI inflow of US$83.57 billion in the fiscal year 2021-2022.
• However, FY 2023 saw a drop in FDI inflows due to global uncertainties.
• Total FDI inflows in FY 2023 amounted to US$70.97 billion.

Top FDI Recipient Sectors in FY 2023:

• Computer software and hardware sector attracted the highest FDI inflows of US$9.39 billion.
• Services sector received significant investments of US$8.70 billion.
• Other sectors that received notable FDI include trading, drugs and pharmaceuticals, automobile industry, chemicals, and construction (infrastructure) activities.

Top Investor Countries in FY 2023:

• Singapore accounted for the highest inward FDI in India at US$17.20 billion.
• Other top investor countries include Mauritius, the US, UAE, and the Netherlands.
• UK, Japan, Cyprus, Cayman Islands, and Germany also made significant FDI equity inflows.

Leading Indian States Attracting FDI in FY 2023:

• Maharashtra emerged as the top recipient of FDI with a total of US$14.80 billion.
• Karnataka followed with US$10.42 billion, while Delhi and Gujarat attracted US$7.53 billion and US$4.71 billion, respectively.

Here is the data summarized in a table format:

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