evidence: Net foreign direct investment (FDI) flows into India dropped 62.17 per cent to $10.58 billion in 2023-24 (FY24) — the lowest since 2007 — from $27.98 billion the previous year. This was mainly on account of higher repatriation of capital and Indian companies’ investments abroad. [...] According to the RBI’s latest ‘State of Economy’ report, more than 60 per cent of the FDI equity flows were directed towards manufacturing, electricity and other energy, computer services, financial services, and retail and wholesale trade. More than 80 per cent of the flows was accounted for by Singapore, Mauritius, the US, the Netherlands, Japan and the UAE. [...] Since the onset of the Covid-19 pandemic, there has been a structural change in global investment patterns, with FDI flows shifting from developed economies to developing ones. The share of global FDI capital expenditure originating from G20 emerging markets rose to 14.9 per cent in 2023 from 8.2 per cent in 2003. Indian companies announced over 550 greenfield FDI projects abroad, the highest in any year before, the RBI report added.