How to read the table
The shares are each state’s part of all-India FDI equity inflow of USD 58,846 mn in FY2025-26, as reported by DPIIT (provisional). Sector strengths and recent policies are those listed on Invest India’s state pages, retrieved on 1 October 2026. Check each policy’s validity before relying on it.
State share of FDI equity, FY2025-26
| State | Share of FDI equity, FY2025-26 | Sector strengths | Recent state policies |
|---|---|---|---|
| Maharashtra | 31.3% (USD 18.4 bn) | Auto and auto components, electric mobility, renewable energy, electronics, IT-BPM | Industry, Investment & Services Policy 2025; GCC Policy 2025; IT/ITeS Policy 2023 |
| Karnataka | 22.0% (USD 12.9 bn) | Defence manufacturing, automobiles, textiles, electric mobility, semiconductors | Industrial Policy 2025-30; Clean Mobility Policy 2025-30; Biotechnology Policy 2024-29 |
| Delhi | 10.5% (USD 6.2 bn) | Education, healthcare, tourism and hospitality, IT-BPM | Delhi Industrial Policy 2025-35; Solar Energy Policy 2023 |
| Gujarat | 9.7% (USD 5.7 bn) | Textiles, food processing, IT-BPM, semiconductors, biotechnology, pharmaceuticals | Global Capability Centre Policy 2025-30; Electronics Policy 2022-28; Biotechnology Policy 2022-27 |
| Tamil Nadu | 8.0% (USD 4.7 bn) | Electronics, automobiles, textiles and apparel, electric mobility | Semiconductor and Advanced Electronics Policy; Space Industrial Policy 2025; PPP Policy 2024 |
| Haryana | 7.7% (USD 4.5 bn) | Defence manufacturing, renewable energy, IT-BPM | Enterprises and Employment Policy 2020; Electric Vehicle Policy 2022 |
| Telangana | 3.8% (USD 2.3 bn) | IT-BPM, pharmaceuticals and biotechnology, electric mobility, chemicals | Life Sciences Policy 2026-30; ICT Policy 2.0 (2021-26); Clean and Green Energy Policy 2025 |
| Rajasthan | 1.7% (USD 1.0 bn) | Renewable energy, tourism, metals and mining, automobiles, textiles | Rajasthan Investment Promotion Scheme (RIPS) 2024; Integrated Clean Energy Policy 2024; EV Policy 2022 |
| Uttar Pradesh | 1.6% (USD 950 mn) | Textiles, renewable energy, IT-BPM, electronic components, leather | Semiconductor Policy 2024; Green Hydrogen Policy 2024 |
The sources give no year-on-year growth figures by state, and no figures for states outside these nine.
What the pattern shows
- Concentration. Maharashtra and Karnataka together account for 53.3% of equity inflow; the next four states (Delhi, Gujarat, Tamil Nadu and Haryana) each took between 7.7% and 10.5%.
- Sector clusters. Automobiles or electric mobility appear in Maharashtra, Karnataka, Tamil Nadu, Telangana and Rajasthan; electronics or semiconductors in Maharashtra, Karnataka, Gujarat, Tamil Nadu and Uttar Pradesh; IT-BPM in six of the nine states.
- GCC policies. Maharashtra and Gujarat have dedicated GCC policies (2025 and 2025-30); see GCC locations for the comparison.
- Policy vintages. Several listed policies date from 2020-2023 and some have fixed validity periods, such as Telangana’s ICT Policy 2.0 (2021-26). A policy listed on a state page may be near the end of its term.
Using the table in a location decision
The table is a first screen, not a ranking. A state’s share of past inflow says where other investors reported capital, not what a new project will receive. The incentive terms behind each policy, with conditions and ceilings, are compared on state incentives. Corridor nodes and industrial smart cities that cut across state lines are on infrastructure and ease of business.
What to check next
- Confirm the validity period and current terms of any policy listed above with the state agency before relying on it.
- Compare the state’s sector strengths with your supply chain, talent needs and customer base, not only with its share of inflow.
- Check whether the state’s single window is linked to the National Single Window System and which approvals it covers.
- For a GCC, compare city-level talent, rent and payroll support on GCC locations.
- Use the latest DPIIT fact sheet when citing state shares, as FY2025-26 figures are provisional.