According to a recent State Bank of India (SBI) report, domestic investment announcements in India have soared beyond $428 billion over FY23 and FY24. This marks a notable jump compared to the $115.69 billion recorded in FY21. The surge is fueled by significant contributions from both government and private sectors. For the first nine months of FY25, investment announcements totaled $370.20 billion, surpassing the $266.08 billion recorded in the same period last year. This highlights a consistent upward trend in nationwide investment activities.
The report emphasizes an increasing share of private sector participation in these announcements. While private sector investments accounted for around 50% in FY21, the share surged to 68% in FY22 and FY23, reaching over 70% by the first nine months of FY25. The manufacturing sector led in the number of projects, with 1,493 announcements totaling $69.17 billion. Meanwhile, the power sector attracted the highest investment value, with projects worth $157.19 billion. Other key contributors included the mining and oil and gas sectors, reflecting ongoing efforts to bolster economic growth and create a favorable investment climate in critical industries.
