FDI falls for the first time in a decade on a y-o-y basis, declines 16 per cent in FY23
The gross FDI inflows in 2021-22 were USD 81.97 billion, up 10 per cent over fiscal 2019-20. The previous year-on-year contraction in FDI was in 2012-13 when the inflows declined by 26 per cent to USD 34.298 billion.
Net FDI too declined by nearly 27 per cent to USD 28 billion in 2022-23 as compared with USD 38.6 billion a year ago. (Image: Pixabay)