India witnesses 23% surge in gross FDI
India kicked off the new financial year with a strong start: foreign direct investment (FDI) hit $8.8 billion in April, up 23% from last year and well above March's numbers.
Despite global uncertainty, investors seem pretty optimistic about India right now.
Net FDI more than doubled to $3.95 billion
Net FDI more than doubled to $3.95 billion, thanks in part to fewer companies pulling out their money.
Nearly half of these fresh investments flowed into manufacturing and business services—so it's not just tech or startups getting attention.
India now ranks 16th worldwide for FDI inflows
India now ranks 16th worldwide for FDI inflows and stands out as an attractive choice for investors from developing countries.
With $114 billion in new projects since 2020—especially in digital sectors—India is quickly becoming a major spot on the global investment map.