Worrying FDI figures, the biggest decline recorded for the first time in 10 years, foreign investment fell by 16%

There is bad news for India in terms of FDI. For the first time in 10 years, FDI in the country has declined by 16.3 percent to $71 billion in FY 2022-23. This is the first and biggest decline in the tenure of the Modi government. This information has been given in a report issued by the Reserve Bank of India. Earlier, the FDI figure for FY 2021-22 was $84.8 billion.

This is the first and biggest drop in FDI in a decade

This major drop in the country's foreign direct investment is no less than a setback for the country. RBI has reported these figures in its monthly bulletin State of the Economy. Accordingly, this is the first and largest decline in FDI in over a decade, along with a decline in net FDI.

Net FDI has decreased so much

According to the RBI, the net FDI figure for FY 2021-22 was $38.6 billion, down 27.5 percent to $28 billion from the previous fiscal year.

In which sectors did FDI decline?

According to the data, the sectors where FDI has declined the most include the manufacturing sector, computer services and communication services. Countries from which FDI has declined during this period include the US, Switzerland and Mauritius.