New Delhi New Delhi: Maharashtra and Karnataka have emerged as the top destinations for foreign direct investment (FDI) in India during FY 2024-25, accounting for 51 per cent of the total inflows, according to the latest data released by the Department for Promotion of Industry and Internal Trade (DPIIT).Maharashtra attracted the highest FDI with foreign investment of $19.6 billion, accounting for 31 per cent of the country’s total.Karnataka is second with foreign inflows of $6.62 billion. Experts attribute the strong performance of both states to continued improvements in infrastructure and a favorable investment environment.
Delhi stood third with $6 billion, followed by Gujarat with $5.71 billion. Tamil Nadu, Haryana and Telangana also witnessed steady FDI inflows of $3.68 billion, $3.14 billion and $3 billion, respectively.
India’s total FDI inflows grew 14 per cent year-on-year (YoY) to $81.04 billion in FY25 – the highest in the last three years. In comparison, total FDI inflows stood at $71.3 billion in FY24. The figure includes equity inflows, reinvested earnings and other capital components. Commerce and Industry Minister Piyush Goyal recently highlighted that India’s FDI inflows now come from 112 countries, a significant increase from 89 in 2013-14.
Addressing the Investor Roundtable at Vanijya Bhavan in the national capital, he said this growth reflects growing global confidence in India’s economic future and the success of policy reforms. “India’s FDI story is not just about numbers. It reflects our long-term policy clarity, commitment to ease of doing business, and the world’s faith in India’s potential,” the minister said.
The roundtable, held earlier this week, was attended by over 90 participants, including stakeholders from key industries and representatives from over 50 industrial parks from states like Maharashtra, Delhi, Gujarat, Karnataka and Tamil Nadu. DPIIT Secretary Amardeep Singh Bhatia also stressed the importance of FDI as a pillar of India’s growth.
