DPIIT Secretary Rajesh Kumar Singh in May had stated that hardening interest rates globally and worsening geo-political situation impacted FDI inflows into India in 2022-23.FDI equity inflows into India declined 22 per cent to $46 billion in 2022-23. Foreign direct investment  FDI  into India declined 34 per cent to $10.94 billion during April-June 2023-24, dragged by lower inflows in computer hardware and software, telecom, auto and pharma, according to government data.
FDI inflows into India declined by 22% to $46 billion in 2022-23 due to global interest rate hikes and geopolitical tensions. The decline continued in April-June 2023-24, with a 34% drop to $10.94 billion, primarily due to lower inflows in key sectors like computer hardware, software, telecom, auto, and pharma.