Illustration: Ajaya Mohanty
Foreign direct equity (FDI) investments contracted by 21 per cent Y-o-Y to $41.31 billion during the calendar year 2023, according to Department for Promotion of Industry and Internal Trade data. The sustained contraction in investment inflows comes against the backdrop of uncertainties and challenges in the global economy. This includes factors such as high inflation and slowdown in developed countries. The government has not explained the rationale behind the dip.
First Published: Mar 06 2024 | 11:07 PM IST
