India's FDI to GDP ratio declined to 2.7% in 2021-22 from 3.1% in 2020-21

India’s foreign direct investment (FDI) to GDP ratio declined to 2.7 per cent in 2021-22 from 3.1 per cent in 2020-21, Minister of State for Commerce and Industry Som Parkash informed the Lok Sabha. The FDI to GDP ratio was at 2.3 per cent for 2017-18. It remained unchanged in the following fiscal and rose to 2.6 per cent in 2019-20. Parkash told the Lower House that the government does not fix targets for FDI inflows as FDI is largely a matter of commercial business decisions. FDI inflows into a country depend on a host of factors such as availability of natural resources, market size, infrastructure, political and general investment climate as well as the macro-economic stability and investment decision of foreign investors.