India FDI hits record $94.53 billion in FY26

In the fiscal year 2025-26, India's Foreign Direct Investments (FDI) have surged to a record high of USD 94.53 billion, as stated by Commerce and Industry Minister Piyush Goyal. This marks the highest annual inflow in the country's history. Over the past decade, from fiscal year 2014-15 to 2025-26, cumulative FDI inflows have reached an impressive USD 843 billion.

Goyal highlighted the positive impact of Production Linked Incentive (PLI) schemes on India's manufacturing sector. As of March 31, these schemes have attracted Rs 2.40 lakh crore in actual investments, led to Rs 23.8 lakh crore in production and sales, and contributed to Rs 15.2 lakh crore in exports. Furthermore, the schemes have generated more than 14.6 lakh direct and indirect jobs.

Sectors such as electronics and telecom, pharmaceuticals, medical devices, automobiles, IT hardware, and specialty steel have particularly benefited from the PLI initiatives. The minister emphasized that these statistics paint an encouraging picture for India's economic growth.

To further boost the manufacturing landscape, India is setting up greenfield industrial smart cities across the nation under the National Industrial Corridor Development Programme. These projects aim to establish infrastructure for globally competitive manufacturing. Goyal also mentioned the ongoing Ease of Doing Business reforms, which have simplified regulations and reduced compliance burdens, creating new opportunities for investment and manufacturing.

Additionally, the Open Network for Digital Commerce (ONDC) has seen over 470 crore orders placed, further strengthening India's digital commerce sector.