FDI Inflows Shrink By 21% in 2023: Government Data
New Delhi: Foreign direct equity (FDI) investments contracted by 21% Y-o-Y to $41.31 billion during the calendar year 2023, according to government data, Business Standard reported.
As per the report, while the Department for Promotion of Industry and Internal Trade hasn't explained the reason behind the sustained contraction, factors such as high inflation and slowdown in developed countries can be ascertained as the reasons for low investment inflow.
According to another Business Standard report, the net FDI in India (inflows minus the outflows) declined to $13.54 billion in April-November 2023 from $19.76 billion in the same period in 2022. The fall in global inflows and a rise in repatriation of equity capital were cited as the reasons.
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