Maharashtra secures 52.46% of India’s FDI, outpaces 8 states combined

By Vivek Dubey By Vivek Dubey CNBC-TV18.com CNBC-TV18.com Published Sept 06, 2024 Published Sept 06, 2024

Maharashtra Tops FDI

[{"selector":"#anim-23fbc7bb-026c-4fbb-b92b-290404870209","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9ee35362-7226-42f8-ae80-c8a8740e6838","keyframes":{"transform":["translate3d(0px, 531.48120%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b6bd8795-d0a3-4095-9d15-ab520506a9a1","keyframes":{"opacity":[0,1]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-86f413a4-32bf-4035-82f2-d9ef7bd899fd","keyframes":{"transform":["translate3d(0px, 148.05319%, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Maharashtra leads with 52.46% of India's total foreign direct investment (FDI) for Q1 FY 2024-25, confirming its dominance in attracting global capital.

FDI Leader for Two Years

[{"selector":"#anim-9f42c3ad-7030-4747-8068-816bee9f44d7","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-25fb0d64-95a7-45b5-a080-0a57469f1a76","keyframes":{"transform":["translate3d(0px, 531.48120%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-665c395a-e13a-4988-9446-703005cfdc51","keyframes":{"opacity":[0,1]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-76f2c237-cb8e-401c-9804-18ccc2b25789","keyframes":{"transform":["translate3d(0px, 148.05319%, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] For two consecutive years, Maharashtra has been ranked No. 1 in FDI. It continues to secure the majority share of India’s foreign investment in 2024-25.

Record Q1 Investment

[{"selector":"#anim-42f00066-8fba-4cfe-821d-7c63bb42c6ad","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d76fbe17-5e15-46d8-ac55-77d089f4ad7a","keyframes":{"transform":["translate3d(0px, 531.48120%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4749d91e-c4c8-44bb-8988-a2d0d3fc84a7","keyframes":{"opacity":[0,1]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4a97d5f8-7a6d-4f23-a369-3bc825cacf72","keyframes":{"transform":["translate3d(0px, 148.05319%, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Maharashtra attracted ₹70,795 crore in FDI during April to June 2024, making it India’s top FDI destination for the first quarter of FY 2024-25.

Other States Lag Behind

[{"selector":"#anim-a42e280f-31f4-4778-b8f9-d8719f9ef2ed","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d812932f-7034-4ee4-a6e1-1b7644549c6c","keyframes":{"transform":["translate3d(0px, 531.48120%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-66a4bd7a-274d-413f-a279-914412f4ec1b","keyframes":{"opacity":[0,1]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bf307097-dda7-4f6c-969e-3a284304d464","keyframes":{"transform":["translate3d(0px, 148.05319%, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The second-highest FDI recipient, Karnataka, received ₹19,059 crore, a distant figure compared to Maharashtra’s total, highlighting the state's supremacy.

Combined State FDI Lags

[{"selector":"#anim-0e60704f-2ba7-4718-9df3-efd05f63f6f7","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dccea802-81f7-41c0-b5b1-7bcb88230b32","keyframes":{"transform":["translate3d(0px, 531.48120%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-144f91db-c14e-4e8e-a2a7-6e4d893ff12b","keyframes":{"opacity":[0,1]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-add75bfd-1ff8-4b1d-982a-4fdfdce0d153","keyframes":{"transform":["translate3d(0px, 148.05319%, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Maharashtra’s ₹70,795 crore in Q1 FDI exceeds the combined investments of Karnataka, Delhi, Telangana, and five other states, underscoring its economic strength.

Over Half of National FDI

[{"selector":"#anim-08360c77-d38c-40ae-86e2-de88e9f7300c","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6d8d8ab8-bdfc-41e2-979c-2cd73a776a93","keyframes":{"transform":["translate3d(0px, 531.48120%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4d1afa53-b6fd-4e7f-96d8-a106b16b3fc2","keyframes":{"opacity":[0,1]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-db759d99-db26-4280-8cac-b2ee6615028c","keyframes":{"transform":["translate3d(0px, 148.05319%, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Out of India's total FDI of ₹1,34,959 crore in Q1, Maharashtra received 52.46%, showing its unparalleled attractiveness for international investors.

Past Performance Strong

[{"selector":"#anim-060a722f-f235-41be-9b1b-5c493df20e89","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-76ca8ea5-1827-4a4d-b2b6-78deb0218a9d","keyframes":{"transform":["translate3d(0px, 531.48120%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8f23edf5-598d-4e3d-92b6-f1b2dec05a89","keyframes":{"opacity":[0,1]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7a26225d-6070-46e3-849d-5fdbad171ad7","keyframes":{"transform":["translate3d(0px, 148.05319%, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ed5a6825-07af-4553-a38e-bb6246fb25a4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(68.3486673206313%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] In FY 2022-23, Maharashtra brought in ₹1,18,422 crore in FDI, surpassing the combined FDI of Karnataka, Delhi, and Gujarat, setting a solid benchmark.

FY 2023-24 Achievements

[{"selector":"#anim-0a07caa8-5e61-4785-a78f-6b5c31b3cbf7","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-98312a51-c4e3-4ecf-a77e-533e05faae6b","keyframes":{"transform":["translate3d(0px, 531.48120%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-908fde9a-73d8-4611-9af9-5e166f10d2a0","keyframes":{"opacity":[0,1]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cd056739-45b3-4f18-b6b1-a1cff2d12597","keyframes":{"transform":["translate3d(0px, 148.05319%, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Maharashtra secured ₹1,25,101 crore FDI in FY 2023-24, more than double Gujarat’s total and greater than the combined investments of Gujarat and Karnataka.

Historic 5-Year FDI

[{"selector":"#anim-ca989cce-097c-4a67-80df-b3494351c1d3","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3b1c3268-333f-421f-ae08-58359645e777","keyframes":{"transform":["translate3d(0px, 531.48120%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a0c1f694-bda9-4d82-b069-c0253a499037","keyframes":{"opacity":[0,1]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-01bdcb47-11b2-48b1-b5f3-fc3066c75fe5","keyframes":{"transform":["translate3d(0px, 148.05319%, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] From 2014 to 2019, Maharashtra attracted ₹3,62,161 crore in FDI under its leadership, showcasing its long-standing appeal for foreign investors.

Accelerated Investment

[{"selector":"#anim-f0236ea0-4522-4d64-abf4-53354f10e995","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ceb15941-5b25-4962-865b-596f17de5aef","keyframes":{"transform":["translate3d(0px, 531.48120%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a1692c9d-18e0-49a9-8feb-b7e59699ced8","keyframes":{"opacity":[0,1]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-906b195e-9344-414b-ba5c-f1708637e0ad","keyframes":{"transform":["translate3d(0px, 148.05319%, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Between April 2021 and June 2023, Maharashtra attracted ₹3,14,318 crore in FDI, nearly fulfilling its 5-year target in just 2.5 years.

Further Growth Expected

[{"selector":"#anim-a82b8931-8b10-42c8-9c20-a80d7ee4ae7a","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-212fbb75-ce2c-4f3f-803c-89fc29bac528","keyframes":{"transform":["translate3d(0px, 531.48120%, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e8abf3bc-62a1-4b54-9b65-3a9441cf11f6","keyframes":{"opacity":[0,1]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-94894b64-fa4d-4a57-86d2-8db13c2f561f","keyframes":{"transform":["translate3d(0px, 148.05319%, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] As per Devendra Fadnavis , Deputy CM of the state, FDI for Maharashtra in Q2 FY25 has yet to be announced, but continued growth is expected based on past performance.

Shah Rukh Khan’s net worth ₹7,300 crore — check the list of India’s richest actors

Thanks For Reading! Thanks For Reading! Read Next