Gujarat received FDI worth $7.3 bn in 2023-24, jump of 55% from last fiscal

Gujarat has attracted a Foreign Direct Investment (FDI) of USD 7.3 billion in the financial year 2023-24, a jump of 55 per cent over the previous fiscal, the state government said in a release on Friday.

With this, Gujarat now occupies the second spot in the country after Maharashtra in terms of the FDI inflow, it said.

Citing the data released by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry, the state government said Gujarat has topped the charts in the annual increase in FDI inflow during 2023-24 by recording a jump of USD 2.6 billion. "Registering a 55 per cent increase in the FDI inflow during FY 2023-24 as compared to the inflow during FY 2022-23, Gujarat received a whopping USD 7.3 billion in FY 2023-24 as compared to the USD 4.7 billion received in the FY 2022-23. With the FDI inflow of USD 7.3 billion, Gujarat moved ahead of Karnataka and Delhi to reach the second spot in the country," said the release.