Gujarat Attracts USD 57.65 Billion in FDI Equity Inflows Since April 2014

Gujarat has seen a substantial increase in foreign direct investment (FDI) equity inflow, reaching USD 57.65 billion over a decade starting from April 2014. This information was disclosed by the state government, referencing a report from the Department for Promotion of Industry and Internal Trade (DPIIT) released in December last year. The state had previously attracted only USD 9.51 billion in FDI from April 2000 to March 2014.

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The DPIIT report highlights that Gujarat's FDI equity inflow from April 2014 to September 2024 represents 86% of the total USD 67.16 billion received by the state over the past 24 years. This remarkable growth is attributed to the leadership of Prime Minister Narendra Modi and reflects investors' strong confidence in Gujarat's potential.

Gujarat's Investment Growth

Chief Minister Bhupendra Patel has been instrumental in implementing policies that favour investors and foster a business-friendly environment, according to the release. The state's efforts have resulted in a significant rise in FDI equity inflows during the first half of FY 2024-25, increasing from USD 2.29 billion in FY 2023-24 to USD 3.95 billion, marking a growth of 72.5%.

In comparison, national FDI equity inflows grew from USD 20.49 billion to USD 29.79 billion during the same period, reflecting a growth rate of 45.4%. These statistics demonstrate Gujarat's superior performance relative to the national average, solidifying its status as a leading investment hub.

National Contribution

The DPIIT report further reveals that India received a total FDI inflow of USD 1.03 trillion from April 2000 to September 2024, with equity inflows accounting for USD 708.65 billion. Gujarat has significantly contributed to this achievement by attracting USD 67.16 billion in FDI equity inflows during this timeframe, which constitutes 9.5% of India's total FDI equity inflow.

Notably, over the last decade, Gujarat has achieved record-breaking FDI equity inflows amounting to USD 57.65 billion, representing 11.7% of the USD 492.27 billion received by India during the same period.

These figures underscore Gujarat's exceptional performance and highlight its pivotal role in enhancing India's overall FDI landscape.