Maharashtra has retained its position as India’s leading destination for foreign direct investment (FDI), attracting Rs 1.13 trillion (tn) in the first six months of FY 2024-25. 

This accounts for 31.48 per cent of India’s total FDI inflow during the period, Chief Minister Devendra Fadnavis announced. In a post on X, Fadnavis highlighted the state’s exceptional performance, noting that the FDI received from April to September 2024 was 94.71 per cent of the average annual FDI recorded over the past four years.

"The first half of FY 2024-25 saw FDI of Rs 1132.36 billion (bn), close to the annual average of Rs 1.20 tn over the last four years," Fadnavis said. The state has consistently recorded FDI inflows between Rs 1.15 tn and Rs 1.25 tn annually over the past four years, attracting Rs 1.18 tn in 2022-23 and Rs 1.25 tn in 2023-24. 

The Department for Promotion of Industry and Internal Trade (DPIIT) data revealed Maharashtra as the top performer in FDI inflows, followed by Karnataka with Rs 836.28 bn (21 per cent) and Gujarat with Rs 370.59 bn (16 per cent). India’s total FDI inflows for the first half of the fiscal year stood at Rs 45965.37 bn. 

From October 2019 to September 2024, Maharashtra secured Rs 6.45 tn in FDI, representing 31.48 per cent of the national total. Karnataka and Gujarat followed with 20.79 per cent and 16.44 per cent shares, respectively.