FDI Report: Maharashtra's charm is decreasing among foreign investors, now betting on these states

FDI Report: Maharashtra’s charm is decreasing among foreign investors, now betting on these states

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Mumbai. The Maharashtra Economic Survey report has revealed that there has been a big decline in FDI (Foreign Direct Investment) in the state last year. In the financial year 2021-22, the total foreign direct investment in Maharashtra has been 48,633 crores, which was 1,19,734 crores last year.

In the report tabled in the Maharashtra Legislative Assembly on Thursday, it has been found that Karnataka has been at the forefront of FDI. Here in 2021-22, 1,02,866 crore FDI has come. After this, Gujarat stood second with Rs 1,01,145 crore. The survey said that FDI in Maharashtra from April 2000 to September 2021 was 9,59,746 crore, which was 28.2 percent of the total FDI of the country.

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Foreign investment in the country also decreased
According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), foreign direct investment (FDI) equity inflows into India declined by 16% to USD 43.17 billion during April-December 2021, from USD 51.47 billion during the same period last year. was US dollars. Total FDI (which includes equity, re-invested earnings and other capital) in the first nine months of the current financial year stood at US$ 60.34 billion, as against $67.5 billion a year ago.

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Equity investment also declined
The data shows that equity inflows also declined to $12 billion in the third quarter (October-December 2021) of 2021-22 from $21.46 billion in the same period of 2020. Total FDI declined to $17.94 billion in the third quarter from $26.16 billion in the year-ago period.

The fastest growth is expected in the service sector
In the Economic Survey report presented in Maharashtra, it has been said that this year the state’s growth rate will be 12.1 percent, while the country’s growth rate is estimated to be 8.9 percent. The biggest contribution in this will be from the service sector. The growth rate of agriculture and allied activities can be 4.4 percent, industry sector 11.9 percent and service sector 13.5 percent. There is also an estimate of 3 percent increase in crop yield this year.

Tags: business news, fdi, GDP growth, Maharashtra

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