FDI figures are worrying, the biggest decline recorded for the first time in 10 years, foreign investment decreased by 16%

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

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

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

Net FDI has come down so much

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

In which sectors FDI decreased?

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