India's FDI share gain more than others in its backyard, shows data

But total FDI into India down 22% at $46 billion in FY23, according to the RBI

India's share gain of foreign direct investment (FDI)  has been larger compared to competing countries in the region over the years , even though it has seen a fall in overall FDI in the financial year ended March 31, 2023 (FY23) over the previous financial year.

The trend is reflected in the data from Morgan Stanley  based on its own estimation for Q1 2023 (and comparing it with data from UNCTAD, Haver and CEIC ), which shows that India's share of  global inflow FDI went up from 2.4 per cent in Q4 FY17 to 4.2 per cent in Q1 of FY23.