Headline numbers
| Measure | FY2025-26 | FY2024-25 | Change |
|---|---|---|---|
| Total FDI inflow | USD 94,527 mn | USD 80,615 mn | +17% |
| FDI equity inflow | USD 58,846 mn (₹5.17 lakh crore) | USD 50,018 mn | +18% |
FY2025-26 is the highest total on record in the series. Cumulative total FDI from April 2000 to March 2026 was USD 1,166,462 mn (about USD 1.17 trillion). Including revisions, it reached USD 1,197,428 mn by June 2026.
Note: “Total FDI” (RBI basis) includes equity, reinvested earnings and other capital. “FDI equity” is the narrower DPIIT measure used for the country, sector and state tables below. The two should not be compared directly.
Ten-year trend
| Financial year | Total FDI (USD bn) |
|---|---|
| FY2016-17 | 60.2 |
| FY2017-18 | 61.0 |
| FY2018-19 | 62.0 |
| FY2019-20 | 74.4 |
| FY2020-21 | 82.0 |
| FY2021-22 | 84.8 |
| FY2022-23 | 71.4 |
| FY2023-24 | 71.3 |
| FY2024-25 | 80.6 |
| FY2025-26 | 94.5 |
Inflows fell back in FY2022-23 and FY2023-24 before recovering in FY2024-25 and rising further in FY2025-26.
First quarter of FY2026-27
In April–June 2026 total FDI was USD 30,657 mn. FDI equity was USD 19,817 mn, up 6% on April–June 2025 (USD 18,628 mn).
By source country
FDI equity, FY2025-26. Country shares are calculated against total FDI equity inflow of USD 58,846 mn in FY2025-26, from DPIIT figures.
| Source | FY2025-26 | Share | FY2024-25 |
|---|---|---|---|
| Singapore | USD 19,802 mn | 34% | not stated |
| US | USD 11,171 mn | 19% | USD 5,457 mn |
| Mauritius | USD 6,576 mn | 11% | not stated |
| Japan | USD 3,745 mn | 6% | USD 2,478 mn |
| Netherlands | USD 3,374 mn | 6% | not stated |
US equity more than doubled on the year, from USD 5,457 mn to USD 11,171 mn; inflows from Japan rose from USD 2,478 mn to USD 3,745 mn. Where an investment comes through an intermediate holding company, treaty access now faces closer scrutiny after the Tiger Global ruling (Supreme Court, January 2026); see withholding and capital gains.
By sector
FDI equity, FY2025-26, for the ten sectors with the largest cumulative FDI since April 2000 in DPIIT’s tables (sector names shortened). Among these main sectors, software and services led in FY2025-26.
| Sector | USD bn |
|---|---|
| Computer software and hardware | 13.9 |
| Services (finance, business, R&D) | 10.0 |
| Trading | 4.0 |
| Non-conventional energy | 3.0 |
| Construction (infrastructure) | 2.6 |
| Automobiles | 2.5 |
| Drugs and pharmaceuticals | 1.9 |
| Chemicals (excluding fertilisers) | 0.9 |
| Construction development | 0.4 |
| Telecommunications | 0.1 |
DPIIT does not rank all sectors and publishes no separate total for manufacturing, so manufacturing inflows cannot be read from this table as one figure.
Sector detail is on the sector pages, for example technology and SaaS and automotive and EV.
By state
FDI equity, FY2025-26 (provisional). Maharashtra and Karnataka together took more than half.
| State | Share | USD | Sector strengths |
|---|---|---|---|
| Maharashtra | 31.3% | 18.4 bn | auto and components, e-mobility, renewable energy, electronics, IT-BPM |
| Karnataka | 22.0% | 12.9 bn | defence, autos, textiles, e-mobility, semiconductors |
| Delhi | 10.5% | 6.2 bn | education, healthcare, tourism, IT-BPM |
| Gujarat | 9.7% | 5.7 bn | textiles, food processing, IT-BPM, semiconductors, biotech, pharma |
| Tamil Nadu | 8.0% | 4.7 bn | electronics, autos, textiles and apparel, e-mobility |
| Haryana | 7.7% | 4.5 bn | defence, renewable energy, IT-BPM |
| Telangana | 3.8% | 2.3 bn | IT-BPM, pharma and biotech, e-mobility, chemicals |
| Rajasthan | 1.7% | 1.0 bn | renewable energy, tourism, metals and mining, autos, textiles |
| Uttar Pradesh | 1.6% | 950 mn | textiles, renewable energy, IT-BPM, electronic components, leather |
The sources give no year-on-year growth by state. Each state’s recent policies are listed on where FDI goes; state packages are compared on state incentives.
How to read the data
- Provisional. FY2025-26 and Q1 FY2026-27 figures are provisional and are revised in later fact sheets; the cumulative total already shows revisions.
- Equity versus total. Use FDI equity for country, sector and state comparisons; use total FDI for the macro trend.
- Sector labels. “Services” in DPIIT’s tables covers finance, business and R&D services. Use the sector label DPIIT uses when comparing figures.
What to check next
- Use the latest DPIIT fact sheet when citing a figure, as provisional data are revised.
- Check whether your own holding structure (for example via Singapore or Mauritius) still gives the treaty position you expect.
- Compare state shares with the incentives each state offers before shortlisting locations.
- For a GCC, compare city options on GCC locations.