NEW DELHI: Foreign direct investment into India stayed flat at nearly $71 billion during 2023-24, compared with $71.4 billion during the previous year.
The numbers released by RBI showed that gross inflows, after declining for four straight months at the start of the financial year, recovered, barring a dip in Dec. In March, inflows are estimated to have gone up 31% to nearly $6 billion, the fastest growth since Oct’s 63% jump to $8.4 billion.Monthly numbers often provide an unclear picture, given that one investment – whether greenfield or brownfield – can alter the performance. The 0.6% dip in FY24 marks the second straight year of fall. The numbers come amid a push to corner a larger share of investments from multinationals.
