Business Standard

Statsguru: Attracting foreign direct investment will need more effort

Attempts to encourage more companies to manufacture in India for the rest of the world may be bearing some fruit


Illustration: Ajaya Mohanty

Anoushka Sawhney

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Attracting foreign direct investment (FDI) would need more effort despite some recent high-profile announcements.

Outward flows have grown faster than inward FDI, according to annual data from the “Census on Foreign Liabilities and Assets of Indian Direct Investment Entities for 2022-23” released last week by the Reserve Bank of India (RBI). FDI into India grew 6.9 per cent in 2022-23, while outward direct investments grew by 19.5 per cent. The ratio of inward to outward direct investment was 5.5 times in 2022-23, compared to 6.3 times in the previous year. It was 5.6 times in 2018-19 (chart 1).


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First Published: Sep 17 2023 | 11:15 PM IST

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