Mumbai
Maharashtra and Karnataka have emerged as the top destinations for foreign direct investment (FDI) in India during the 2024-25 financial year, together attracting 51% of the country’s total inflows. According to the latest data from the Department for Promotion of Industry and Internal Trade (DPIIT), India’s overall FDI rose 14% to $81.04 billion, marking the highest level in three years, up from $71.3 billion in the previous fiscal.
Maharashtra led the pack with $19.6 billion in FDI, accounting for 31% of the national total between April 2024 and March 2025. Karnataka followed with $6.62 billion. Other significant recipients included Delhi ($6 billion), Gujarat ($5.71 billion), Tamil Nadu ($3.68 billion), Haryana ($3.14 billion), and Telangana ($3 billion).
Experts attribute this surge in foreign investment primarily to notable improvements in infrastructure, making Maharashtra and Karnataka more investor-friendly. Economists suggest that India’s strengthened infrastructure and policy reforms are key drivers in enhancing the country’s attractiveness as a global investment destination.
This positive trend reflects growing confidence among foreign investors in India’s economic prospects and development potential. As India continues to focus on infrastructure and ease of doing business, FDI inflows are expected to maintain an upward trajectory.
The rise in FDI is also expected to boost job creation and spur economic growth across these states. With increased foreign capital, sectors like manufacturing, technology, and services are likely to expand, further strengthening India’s position in the global market. Continued policy support and infrastructure development remain crucial to sustaining this momentum.