FDI Inflow: Gujarat Dropped To The Sixth Place

| Updated: June 15, 2022 11:56 am

Gujarat has dropped to sixth place after Karnataka, Maharashtra, Delhi, Tamil Nadu, and Haryana, attracting only Rs 20,169 crore in 2021-’22, a year after topping the list of states in attracting FDI.

Despite a shift in political regime in 2021-’22 and forthcoming assembly elections, industry insiders say that investors continue to view Gujarat as a state with stable policies.

According to the latest numbers from the Department for Promotion of Industry and Internal Trade (DPITT), an agency of the Union Ministry of Commerce and Industry, Gujarat’s performance in attracting foreign investments has dropped eight times from the Rs 1,62,830 crore it attracted in 2020-21.

Only Gujarat and Maharashtra showed a decrease in FDI inflow among the top six states. All other states experienced growth, with Karnataka seeing an 187 percent increase, Delhi 50%, Tamil Nadu 30%, and Haryana 67%.

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