Maharashtra most attractive investment destination, says 2022-23 economic survey (2024)

FAQs

Maharashtra most attractive investment destination, says 2022-23 economic survey? ›

In 2020-21, it received investment worth over ₹44,188 crore through 296 projects and in 2022-23 till November, investments amounting to ₹35,870 crore has been received by the state. The combined tally of investment of three years makes Maharashtra the most attractive investment destination, states the survey.

State leads with highest FDI at 29%: Fadnavis cites report

Maharashtra has emerged as the leading state in attracting foreign direct investments (FDI), leaving behind Karnataka and Gujarat, shows the Department of Industrial Policy and Promotion (DIPP) report for FDI between January and March 2023.

As per advance estimates Per Capita State Income for 2022-23 is expected at INR 2.4 Lakh Crores. Maharashtra contributes to 15% of the industrial output in India. One of the leading States with 991 Engineering and Management Colleges and 958 ITIs, Maharashtra has the highest employable talent in India at 68%.

FDI Equity Inflows in India 2020-2022 (US$ Million)

In the FY 2023, foreign investors showed keen interest in multiple sectors in India, with the highest FDI inflows seen in computer software and hardware, attracting investments worth US$9.39 billion.

Maharashtra. Maharashtra has the highest, a total 2,26,13,441 investors.

However, in the last 22 years between April 2000 to September 2022, Maharashtra has received a total of ₹10,88,502 crore as FDI inflow, which is higher than any other state across the country. Karnataka stands at second position with ₹5,51,044 crore as FDI inflow.

Economic Survey 2023: During the first half of this fiscal, Singapore emerged as the top investor. It was followed by Mauritius, the UAE, the USA, the Netherlands and Japan.

Top investor countries in India in 2022. Between April to December 2022, Singapore accounted for maximum inward FDI in India at US$13.07 billion, followed by the US (US$4.95 billion), Mauritius (US$4.73 billion), UAE (US$3.10 billion), and the Netherlands (US$2.15 billion).

Top 5 sectors receiving highest FDI Equity Inflow during FY 2022-23 are Services Sector (Fin., Banking, Insurance, Non Fin/ Business, Outsourcing, R&D, Courier, Tech. Testing and Analysis, Other) (16%), Computer Software & Hardware (15%), Trading (6%), Telecommunications (6%) and Automobile Industry (5%).

Computer hardware and software sector in India received the highest share in FDIs amounting to over 14 billion U.S. dollars in fiscal year 2022. The services sector came second amounting to over seven billion dollars.

Who has the highest FDI in the US? ›

The main investing countries in the U.S. are Japan, Germany, Canada, the United Kingdom, Ireland and France. Most of these investments are in manufacturing, financial and insurance activities, and trade and maintenance. In 2021, California received the most investment, followed by Massachusetts and New York (BEA).

Free-trade agreements with 20 other countries provide access to hundreds of millions of additional consumers. A strong and robust consumer market is a key reason the U.S. ranks top in the world for FDI. The U.S. hosts the most developed, flexible and efficient financial markets in the world.

FDI in Figures April 2023

Nevertheless, the United States and China were the top two FDI destinations worldwide in 2022, followed by Brazil, receiving peak level of inflows partly due to increased reinvestment of earnings.

Gujarat, Karnataka, Haryana are top 3 fastest growing major state economies - Here's the complete list of top 10 states | Economy News, Times Now.

Mumbai is home to the highest number of billionaires in the country with 72 billionaires living in the city, according to Hurun Global Rich List 2022. New Delhi: Mumbai is home to the highest number of billionaires in the country with 72 billionaires living in the city, according to Hurun Global Rich List 2022.

The major encouraging factor for the foreign investors to invest in India is the low wages, highly skilled workforce and liberal foreign direct investment policies. India is termed as the fastest growing economy and the capital markets of the country are also booming.

GDP of Maharashtra VS Gujarat

The GDP of Maharashtra is $430 Billion and is the largest state in India in terms of GDP, while the GDP of Gujarat State is $230 Billion and It is the third-largest state in India in terms of GDP.

The United States is the top destination of inward foreign direct investment. Source: IMF Data, Coordinated Direct Investment Survey. Note: Chart shows inward FDI positions.

Mauritius, Singapore, the U.S., the Netherlands, Japan, the U.K., Germany, and the United Arab Emirates are the main investing countries in India. Investments were mainly oriented towards services, computer software and hardware, telecommunications, trade, the automobile industry, construction, and chemicals.

Singapore (27.01%), USA (17.94%), Mauritius (15.98%), Netherland (7.86%) and Switzerland (7.31%) emerge as top 5 countries for FDI equity inflows into India FY 2021-22.

Why FDI inflows to India are declining? ›

New Delhi: Gross foreign direct investment (FDI) flows, for the first time in a decade, declined on an annual basis in 2022-23 to USD 71 billion mainly due to a slowdown in the global economy, according to the RBI data. The annual decline works out to be 16.3 per cent in 2022-23 compared to inflows in 2021-22.

During the first half of this fiscal, Singapore emerged as the top investor. It was followed by Mauritius, the U.A.E., the U.S.A., the Netherlands and Japan.

FDI in Figures April 2023

Nevertheless, the United States and China were the top two FDI destinations worldwide in 2022, followed by Brazil, receiving peak level of inflows partly due to increased reinvestment of earnings.

The present policy prohibits Foreign Direct Investments (FDI) in the following sectors: Gambling and Betting; Lottery business (including government/ private lottery, online lotteries etc); Activities /sectors which are not open to private sector investment (eg, atomic energy /railways);

'Computer Software & Hardware' has emerged as the top recipient sector of FDI Equity inflow during FY 2021-22 with around 25% share followed by Services Sector (12%) and Automobile Industry (12%) respectively.

Gujarat and Rajasthan Emerge as India's Leading Investment Destinations. Gujarat and Rajasthan have emerged as two of India's top states for attracting corporate investments, inviting investments worth INR 3.98 trillion and INR 2.91 trillion, respectively, in FY 2022.

Government of Singapore: The Government of Singapore has invested not only as FII in India, but also in FDI.

During the last decade, the services sector has attracted the highest FDI inflows of all sectors.

Minnesota comes in first with a 46.3 percent FDI employment growth rate. Job growth in Minnesota is more than double the national rate. International companies like Rolls-Royce have accelerated Minnesota's job growth.

Which countries does America invest in? ›

United States Foreign Direct Investment (FDI) registered a growth equal to 0.6 % of the country's Nominal GDP in Dec 2022, compared with a growth equal to 1.8 % in the previous quarter. See the table below for more data.

Highlights: Foreign Investment US Real Estate Statistics

From April 2020 to March 2021, investors from outside the United States bought 107,000 properties worth $54.4 billion in the United States. Foreign-born individuals make up 14.25 percent of the population in the country's 50 largest metros, on average.

Singapore and China are celebrating the 30th anniversary of the establishment of our diplomatic relations in 2020. Since 2013, China has been Singapore's largest trading partner, and Singapore has been China's largest foreign investor.

The country is ranking 50th amongst 82 countries reviewed in the latest Economist Intelligence Unit business environment rankings for 2022-26.

In the region, Vietnam and Indonesia have attracted the largest FDI inflows into the green sector over the past decade ($232-242 billion), followed by Malaysia and Singapore ($153-164 billion). Governments in Southeast Asia devote much of their resources to attracting FDI in the hope of creating jobs.

Percent of world Foreign Direct Investment, 2020 - Country rankings: The average for 2020 based on 186 countries was 0.54 percent. The highest value was in China: 21.36 percent and the lowest value was in Switzerland: -21.72 percent. The indicator is available from 1993 to 2020.

New York is the richest state in the US, with a GDP per capita at $96,5k. This means that New York is responsible for around 9% of America's entire economic output, the highest percentage amongst the 50 states.

NEW DELHI: India's richest state Maharashtra is also the country's best performer across financial and social indicators, according to state rankings released by credit rating company.

Why is Kerala so rich? ›

The Kerala Economy is therefore largely dependent on trade in services and resulted remittances. In 2012, the state was the highest receiver of overall remittances to India which stood at Rs. 49,965 Crore (31.2% of the State's GDP), followed by Kerala, Punjab and Uttar Pradesh.

India's high-tech industry city Bengaluru is projected to be the fastest-growing city in the Asia-Pacific region in 2023 followed by Hyderabad, according to Oxford Economics, an independent economic advisory firm.

As per the advance estimates for Maharashtra, nominal (at current prices) gross state domestic product (GSDP) for 2022-23 is expected to be ₹35,27,084 crore and real (at constant 2011-12 prices) GSDP at ₹21,65,558 crore.

Gujrat is at the number one position in a fast-developing state in India.

Maharashtra has 56,000 millionaire households; highest in India: Report.

Mumbai is the financial capital of India and is also home to the maximum number of wealth creators of the country with over 280 of the richest Indians residing in the city that is also known as the 'City of Dreams'.

New Delhi : Mumbai has emerged as India's richest city with 60,000 high-net-worth individuals (HNIs). Ranked 21st globally, Delhi and Bengaluru have also followed Mumbai and are listed among cities with the highest number of centi-millionaires and billionaires.

By region, Europe contributed 70.0 percent of new investment in 2021. By U.S. state, California received the most investment, totaling $64.1 billion, followed by Massachusetts ($53.8 billion) and New York ($34.2 billion).

India shall see FDI increase once the market is again ready to invest in growth stage companies." In comparison to inflows in 2021–2022, the yearly reduction equals 16.3% in 2022–2023. Gross FDI inflows increased by 10% from fiscal 2019–20 to USD 81.97 billion in 2021–22.

It is to be noted that Maharashtra, Karnataka and Gujarat historically command the lion's share of FDI inflows into the country. These three States alone accounted for 68 per cent of the FDI equity inflows (in dollar terms) into the country between October 2019 and December 2022.

Which is the largest investment industry in India? ›

Computer hardware and software sector in India received the highest share in FDIs amounting to over 14 billion U.S. dollars in fiscal year 2022. The services sector came second amounting to over seven billion dollars.

Key findings from the report include: California topped the list of states receiving the most private equity investment, with $87 billion in capital invested. The top 5 states included California ($87 billion), Texas ($60 billion), Florida ($59 billion), New York ($42 billion), and Massachusetts ($37 billion).

The United States is the top destination of inward foreign direct investment. Source: IMF Data, Coordinated Direct Investment Survey. Note: Chart shows inward FDI positions.

The U.S. has the largest consumer market in the world, with a GDP of $20 trillion and 325 million people. Free-trade agreements with 20 other countries provide access to hundreds of millions of additional consumers. A strong and robust consumer market is a key reason the U.S. ranks top in the world for FDI.

According to the Department for Promotion of Industry and Internal Trade (DPIIT), India's cumulative FDI inflow stood at US$ 871.01 billion between April 2000-June 2022; this was mainly due to the government's efforts to improve the ease of doing business and relax FDI norms.

The World Investment Report 2022 of UNCTAD places India as the seventh largest recipient of FDI in the top 20 host countries in 2021. India received the highest-ever FDI inflows of US$ 84.8 billion including US$ 7.1 billion FDI equity inflows in the services sector in FY22.

A year after topping the list of states in attracting Foreign Direct Investments (FDI), Gujarat has fallen to the sixth place behind Karnataka, Maharashtra, Delhi, Tamil Nadu and Haryana, attracting a mere Rs 20,169 crore in 2021-'22.

India has recorded highest ever annual FDI inflow of USD 83.57 billion in the Financial Year 2021-22.