Maharashtra Leads India in Foreign Direct Investment for 2024-25
Maharashtra Leads India in Foreign Direct Investment for 2024-25
Maharashtra has become the top state in India for attracting Foreign Direct Investment (FDI) in the financial year 2024-25. Chief Minister Devendra Fadnavis announced that the state received 95% of its annual average FDI inflow in just the first six months. This achievement was shared on social media, highlighting Maharashtra's success in securing Rs 1,13,236 crore in foreign investment from April to September 2024.
Fadnavis noted that Maharashtra accounted for 31.48% of the nation's total FDI inflow during this period. The state's average annual FDI over the last four years was Rs 1,19,556 crore, and the recent figures show that 94.71% of this average was achieved in just half a year.
The Deputy Chief Minister congratulated the people of Maharashtra and praised the state government's efforts, led by Chief Minister Eknathrao Shinde and Deputy Chief Minister Ajit Pawar, in maintaining Maharashtra's economic leadership. Fadnavis emphasized that the surge in foreign investment reflects global investors' confidence in Maharashtra's economic policies.
FDI Inflows in Recent Years
| Year | FDI Inflow (Rs Crore) |
|---|---|
| 2020-21 | 1,19,734 |
| 2021-22 | 1,14,964 |
| 2022-23 | 1,18,422 |
| 2023-24 | 1,25,101 |
| 2024-25 (6 months) | 1,13,236 |
The data, released by the Department for Promotion of Industry and Internal Trade (DPIIT), shows consistent FDI inflow into Maharashtra. The Union Government, through DPIIT and other ministries, supports industrial development with favorable policies, making India a leading destination for global capital.
Doubts Revealed
Maharashtra
Maharashtra is a state in the western part of India. It is known for its capital city, Mumbai, which is the financial hub of the country.
Foreign Direct Investment (FDI)
Foreign Direct Investment (FDI) is when people or companies from other countries invest money in businesses or projects in India. This helps in creating jobs and boosting the economy.
2024-25
2024-25 refers to the financial year in India, which starts in April 2024 and ends in March 2025. It is used to track economic activities and budgets.
Devendra Fadnavis
Devendra Fadnavis is a politician in India who has served as the Chief Minister of Maharashtra. He is known for his work in improving the state's economy.
Rs 1,13,236 crore
Rs 1,13,236 crore is a large amount of money, where 'Rs' stands for Indian Rupees, the currency of India. A crore is equal to ten million, so this amount is over one trillion rupees.
Eknathrao Shinde
Eknathrao Shinde is a politician in India who is serving as the Chief Minister of Maharashtra. He plays a key role in the state's government and decision-making.
Ajit Pawar
Ajit Pawar is a politician in India who is serving as the Deputy Chief Minister of Maharashtra. He helps in managing the state's affairs and policies.
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