evidence: The total foreign direct investment inflow into India dropped to 70.9 billion U.S. dollars in financial year 2023. This was a one percent decline from last year. FDIs are an important driver of a country’s economy since they boost the job market, technical knowledge base and provide non-debt financial resources. In the case of a developing country like India, foreign investors find the lower job wages and government tax exemptions in FDI a lucrative offer for investments in the country. The Indian government has been actively working towards increasing FDI inflows through various policy and financial reforms in the investment processes. According to a UN report in 2022, India was ranked among the top 20 host economies for FDI inflows. The global FDI inflows for fiscal year 2022 aggregated to over one trillion U.S. dollars, out of which over six hundred billion dollars were from the developing Asian region, including India. [...] Department for Promotion of Industry and Internal Trade (India), Value of foreign direct investment inflows into India from financial year 2012 to 2021, with estimates for 2022 and 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/715539/india-fdi-inflow-amount-for-all-sectors/ (last visited October 09, 2024)