Foreign direct investment declined by 16 percent to $ 71 billion in the last financial year
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The last decline in gross FDI was in FY 2012-13, when investments declined by 26 per cent to $34.29 billion. According to an article published in the latest monthly bulletin of RBI, “Gross FDI inflows in FY 2022-23 stood at $71 billion, down 16.3 per cent year-on-year.”
Gross Foreign Direct Investment (FDI) in the country decreased by 16.3 percent to $ 71 billion in the last financial year 2022-23. This is the first time in a decade that FDI inflows have declined in a financial year. According to the Reserve Bank of India (RBI) data, the main reason behind this was the slowdown in the global economy. The gross FDI inflow in FY 2021-22 was $81.97 billion, which was 10 per cent higher than the previous financial year. The last decline in gross FDI was in FY 2012-13, when investments declined by 26 per cent to $34.29 billion. According to an article published in the latest monthly bulletin of RBI, “Gross FDI inflows in FY 2022-23 stood at $71 billion, down 16.3 per cent year-on-year.”
According to the release, net FDI in the financial year under review also declined by about 27 per cent year-on-year to $28 billion as against $38.6 billion in the previous fiscal. The decline in FDI inflows in the year under review as compared to the previous year was maximum in the manufacturing, computer services and communication services sectors.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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