FDI declines: Gross foreign direct investment flows, for the first time in a decade, declined on an annual basis in 2022-23 to USD 71 billion mainly due to a slowdown in the global economy, according to the RBI data. The previous year-on-year contraction in FDI was in 2012-13 when the inflows declined by 26 per cent to USD 34.298 billion. …
