FDI equity inflows to India FY 2023, by leading investing country
Most sought after FDI sectors
According to the Department of Promotion of Industry and Internal Trade, higher equity inflows could be attributed to the government’s efforts in improving ease of doing business along with relaxed FDI norms. In fiscal year 2023, the computer and hardware sector received the highest FDI equity inflow, followed by the services sector.
How does FDI contribute to economic development?
FDI inflows play a significant role in contributing towards the development of the Indian economy. It often results in opening of factories in the destination country. Higher FDI inflows are directly correlated with higher employment in the country. This improves productivity including the quality of processes and supply chains towards achieving global quality standards.