Posted 12/25/2023, 9:54:06 PM
India Attracts $8.4 Billion in Foreign Investment in October, Highest in 18 Months
- FDI in India jumped 64% year-over-year to $8.4 billion in October, the highest level in 18 months
- It was the third straight month of FDI growth in India, although inflows from April-October 2023 are still 6.7% lower than last year
- Government is courting companies like Apple and Tesla to invest in India through production-linked incentive schemes
- October FDI was boosted by a $3.6 billion acquisition deal and $2.5 billion through RBI
- Global FDI flows rebounded in first half of 2023 but remain 30% below first half of 2022, with India among top recipients