Tamil Nadu’s Foreign Direct Investment (FDI) inflows declined 27.7% to about $2.17 billion in the financial year 2022-23 from $3 billion in 2021-22, as per data shared in Parliament recently. Many other key States, except for Gujarat, have also seen a decline during this period.
India’s FDI inflows as a whole, declined 16.34% to $70.97 billion in 2022-23 from $84.84 billion in 2021-22, as per the provisional figures from the Reserve Bank of India, Union Minister of State for Industry and Commerce, Som Parkash, said in a written reply to a question in the Rajya Sabha on July 21, 2023.
As per the data shared, Maharashtra has seen a 4.08% decline in FDI inflows to $14.81 billion in 2022-23 from $15.44 billion in 2021-22, while Karnataka has seen a 52.74% drop to $10.43 billion from $22.07 billion during the same period. Delhi has seen a fall of 8.05% in FDI inflows to $7.53 billion in 2022-23 from $8.19 billion in 2021-22.
