According to provisional estimates, India received $81.04 billion in FDI inflows during the fiscal year 2024-25, a 14% increase over the $71.28 billion registered in 2023-24. The services sector led the jump, contributing 19% of total stock inflows ($9.35 billion), up from $6.64 billion the previous fiscal year.
Computer software and hardware accounted for 16% of the inflows, with the trading industry accounting for 8%. Manufacturing inflows also increased, reaching $19.04 billion, up from $16.12 billion in fiscal year 2023-24.
Maharashtra was the largest beneficiary of FDI, accounting for 39% of the total, followed by Karnataka-13%, and Delhi-12%. Singapore was the largest source of FDI inflows, accounting for 30%, followed by Mauritius-17%, and the US-11%.
Over the last 11 fiscal years, from 2014 to 2025, India has received $748.78 billion in FDI, 143% more than the $308.38 billion reported between 2003 and 2014.
Between 2014 and 2019, policymakers relaxed regulations for defence, insurance, and civil aviation, and from 2019 to 2024, they allowed 100% foreign direct investment in coal mining and insurance intermediaries. The 2025 Union Budget proposed extending 100% FDI to insurance companies that invest all premiums domestically.
