New Delhi: India’s foreign direct investment (FDI) sector has witnessed a major shift, with the nation experiencing a 15% increase in FDI inflows to $18.62 billion during April-June, the first quarter of this fiscal year. Surprisingly, despite ongoing tariff issues, the United States (US) has emerged as the largest source of FDI, contributing $5.61 billion, nearly triple the $1.50 billion recorded in the same period last year.
Notably, Karnataka has taken the top spot in FDI inflows, receiving $5.69 billion during the first quarter, surpassing Maharashtra’s $5.36 billion. The experts suggested that the FDI inflows in Karnataka reflected the confidence of global investors in the state, with cities like Bengaluru, the centre of India’s high-tech industry. The experts attributed the inflows to the government’s policies that have created an investment-friendly environment.
