Gujarat leads FDI growth: 86% of inflows achieved in last decade

Gandhinagar : Gujarat has emerged as a symbol of industrial growth and economic progress. As per the latest report released in December 2024 by the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India, a staggering 86% of the total FDI equity inflow into Gujarat from April 2000 to September 2024 was recorded in the last decade, between April 2014 and September 2024.

To put this into perspective, Gujarat attracted only USD 9.51 billion in FDI equity inflow from April 2000 to March 2014. However, from April 2014 to September 2024, the state made a significant leap, achieving USD 57.65 billion in FDI equity inflows. This accounts for 86% of the total FDI equity inflow of USD 67.16 billion into Gujarat over the past 24 years. These figures underscore Gujarat’s exceptional performance under the leadership of Prime Minister Narendra Modi and reflect the unwavering confidence of investors in the state.

With a robust policy framework, world-class infrastructure, and strategies focused on attracting global investment, Gujarat continues to set new benchmarks in Foreign Direct Investment (FDI) inflows.

Gujarat’s FDI Equity Inflow Surpasses National Average in FY 2024-25

Inspired by Prime Minister Narendra Modi, Gujarat’s current Chief Minister, Bhupendra Patel, has effectively implemented investor-friendly policies and created a business-conducive environment. According to the DPIIT report, Gujarat witnessed a remarkable surge in FDI equity inflows during the first half of FY 2024-25. The inflows rose from USD 2.29 billion in FY 2023-24 to USD 3.95 billion in FY 2024-25, registering a growth of 72.5%.

During the same period, the national FDI equity inflows increased from USD 20.49 billion to USD 29.79 billion, registering a 45.4% growth. These figures highlight Gujarat’s significant outperformance compared to the national average, reinforcing its position as a premier investment destination.

Gujarat’s Share in India’s FDI Equity Inflows from 2000 to 2024: 9.5%

The DPIIT report underscores that from April 2000 to September 2024, India received a total FDI inflow of USD 1.03 trillion, showcasing the country’s economic growth and the rising confidence of global investors. Out of this, India recorded FDI equity inflows of USD 708.65 billion over the past 24 years.

Gujarat has played a pivotal role in this achievement, attracting USD 67.16 billion in FDI equity inflows during this period, which constitutes 9.5% of India’s total FDI equity inflow. Notably, in the last decade (April 2014 to September 2024), Gujarat achieved record-breaking FDI equity inflows of USD 57.65 billion, accounting for 11.7% of the USD 492.27 billion received by the country during the same period.

Gujarat’s FDI Success: A Synergistic Blend of Policies, Infrastructure, and Global Connectivity

Gujarat’s success is a testament to its policy stability, innovation, and consistent efforts to enhance ease of doing business. The state has not only attracted investments in traditional industries but also in emerging sectors such as renewable energy, semiconductors, electronics, and IT/ITeS, firmly placing itself on the global investment map.

The state’s skilled workforce and platforms like the Vibrant Gujarat Global Summit have further positioned Gujarat as a preferred investment hub. Together, these factors have made Gujarat a cornerstone of foreign direct investment in India.