FDI

FDI surged from $6B (2004) following reforms that opened more sectors. It grew robustly 2006–09, dipped with the global financial crisis, recovered, and reached a peak of $83.6B in FY2022. FDI declined in FY2023-24 amid global tightening and Mauritius treaty renegotiation. FY2022 peak driven by tech, e-commerce, and infrastructure. India's FDI policy allows 100% FDI in most sectors; China remains off-limits for FDI without prior approval.