According to RBI’s monthly bulletin,the Gross foreign

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According to RBI’s monthly bulletin,the Gross foreign direct investments (FDI) into India moderated to $ 12.2 billion in April-May 2023, from $ 16.5 billion in April-May 2022.    Gross FDI had moderated from $ 84.8 billion in Fy22 to $ 71.4 billion in FY23.   Net FDI declined to US$ 5.5 billion in April-May 2023 from US$ 10.6 billion a year ago.   Manufacturing, business services and financial services attracted the majority of FDI inflows in April-May 2023, while Singapore, the Netherlands and the US were major source countries for FDI.