New Delhi, April 25 -- India's net foreign direct investment (FDI) has fallen dramatically to USD 1.5 billion during April 2024-February 2025, down from USD 11.5 billion in the corresponding period last year, according to Reserve Bank of India (RBI) data. This sharp decline comes despite robust growth in gross FDI inflows.

The country's gross FDI inflows showed impressive growth of 15.2 percent year-on-year, reaching USD 75.1 billion during the 11-month period of FY 2024-25, up from USD 65.2 billion in the previous fiscal year.

The State of the Economy report in the April 2025 RBI bulletin identified Singapore as the largest source of equity inflows with a 29.8 percent share, followed by Mauritius and the United States.

The manufacturi...