FDI to India Drops by 43% in 2023, Ranked 15th Globally: UNCTAD
In the fiscal year 2023-24, India witnessed a slight contraction in foreign direct investment (FDI) by about 3.5%, attributed to global economic uncertainties. However, amidst this, India continued to attract significant FDI from Singapore, albeit with a dip in numbers, maintaining its position as the highest recipient of FDI from the island nation.
Foreign investments, crucial for India’s infrastructure development and economic growth, contribute significantly to the country’s balance of payments and currency strength. Over the years, countries like Singapore, Mauritius, and the United States have played pivotal roles in India’s FDI landscape, reflecting the complex interplay of global economic dynamics and regulatory frameworks.
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