Maharashtra and Karnataka Secure 51% of India's FDI in FY25

India received $81.04 billion in total foreign direct investment (FDI) during the financial year 2024-25, as per data from the Department for Promotion of Industry and Internal Trade (DPIIT). This marks a 14% increase from the previous year’s figure of $71.3 billion.

Maharashtra Leads, Followed by Karnataka

Maharashtra accounted for the largest share of FDI during the year, bringing in $19.6 billion. This represents around 31% of the total inflows into the country. Karnataka was the second-largest recipient with $6.62 billion in FDI. Together, these 2 states made up 51% of India’s total foreign direct investment for the year.

Other States and FDI Share

Delhi received $6 billion in FDI, followed by Gujarat at $5.71 billion. Tamil Nadu brought in $3.68 billion, Haryana recorded $3.14 billion, and Telangana received $3 billion. These states, while trailing Maharashtra and Karnataka, contributed to a steady inflow across regions.

Growth Over the Previous Year

The rise to $81.04 billion in FY25 reflects a year-on-year increase of 14%. This figure includes equity inflows, reinvested earnings, and other forms of capital. It is the highest FDI inflow India has recorded in the last three years.

Read more: Singapore Emerges as India’s Top FDI Contributor for 7th Year in a Row in FY25!

Conclusion

FDI inflows in FY25 were higher than in recent years, with Maharashtra and Karnataka together attracting more than half of the total. While other states also reported steady inflows, the distribution of foreign investment remains uneven across the country. The data reflects the ongoing trends in location preference for overseas capital.

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