The current financial year will likely close with a lower level of foreign direct investments (FDI) than the previous one.

       Net inflows were $18.4 billion for the rolling 12-month period ended January 2024, according to data from the Reserve Bank of India (RBI). It was higher at $32.7 billion for the rolling 12-month period ended January 2023 (chart 1).

       However, this is in line with a global investment slowdown. Developing countries have been most affected, according

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