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


  • 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:

Sector FDI Inflows (in USD billions)
Computer software and hardware 9.39
Services sector 8.70
Trading 4.79
Drugs and pharmaceuticals 2.05
Automobile industry 1.90
Chemicals 1.85
Construction (infrastructure) activities 1.70


Investor Country FDI Inflows (in USD billions)
Singapore 17.20
Mauritius 6.13
United States 6.04
United Arab Emirates 3.35
Netherlands 2.49


Indian States FDI Inflows (in USD billions)
Maharashtra 14.80
Karnataka 10.42
Delhi 7.53
Gujarat 4.71


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