Maharashtra Tops FDI Rankings in First Half of FY 2024-25, Attracts ₹1.13 Lakh Crore
Maharashtra has emerged as the leading destination for foreign direct investment (FDI) in India during the first half of the 2024-25 fiscal year, securing ₹1.13 lakh crore, or 31.48% of the country’s total FDI inflows. Chief Minister Devendra Fadnavis highlighted this achievement in a post on X, noting that the six-month figure accounted for 94.71% of the state’s annual average FDI inflows over the past four years. The state has consistently recorded annual FDI ranging from ₹1.15 lakh crore to ₹1.25 lakh crore, with ₹1.25 lakh crore recorded in 2023-24.
The Department for Promotion of Industry and Internal Trade (DPIIT) data placed Maharashtra ahead of Karnataka, which attracted ₹83,628 crore (21%), and Gujarat with ₹37,059 crore (16%). Maharashtra’s dominance in FDI is further underlined by its ₹6.45 lakh crore inflow between October 2019 and September 2024, representing 31.48% of the national total. Despite these accomplishments, opposition leaders, including Sachin Sawant of the Maharashtra Congress, have criticized the state government, accusing it of losing major projects to Gujarat and failing to fulfill its $1 trillion economy goal.
Fadnavis’s remarks counter criticism from the Maha Vikas Aghadi (MVA), which has accused the ruling coalition of not doing enough to attract investments. The opposition also alleges that central policies favor Gujarat, Prime Minister Narendra Modi’s home state. However, the latest figures reflect Maharashtra’s robust position as a hub for foreign investment and its resilience in maintaining leadership in FDI inflows.
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