India has suffered a major setback. Big fall in foreign investment. Know why!
The country's foreign direct investment has declined greatly. The decline in FDI is a big blow for the country.
According to RBI data, this is the first and biggest decline in FDI in a decade. There has also been a decrease in Net FDI.
For the first time in 10 years, FDI has come down by 16.3 percent to $ 71 billion in the financial year 2022-23.
According to the report released by the Reserve Bank of India, the FDI figure in the financial year 2021-22 was $ 84.8 billion.
According to the data, the biggest decrease in FDI is in manufacturing, computer services, and communication services.
Let us tell you that foreign direct investment has come down from countries like America, Switzerland, and Mauritius.
Despite the decline in FDI, India's growth trend remains strong and Indian banks have adequate cash flow.
According to the report of rating agency Moody's, India's GDP in the year 2022 has been more than $ 3.5 trillion.
Rating agency Moody's said that for the coming 5 years, the Indian economy will grow the fastest among the G20 countries.