“We ignore the implications of the dramatic decline at our own peril,” Congress leader Jairam Ramesh said. File
| Photo Credit: The Hindu

Flagging the latest Reserve Bank of India (RBI) data that reveals that the Foreign Direct Investment (FDI) inflows into India in 2024-25 plunged by an unprecedented 96%, the Congress on Sunday (May 25, 2025) said that it reflects tremendous investment uncertainty in the country, with more businesses choosing to invest abroad.

Congress general secretary (Communications) Jairam Ramesh, in a post on X, quoted the RBI data, which shows that FDI inflow in the FY 2024-25 was reduced to a measly $0.4 billion. 

“Whatever whitewashing of an official explanation for this precipitous fall is being provided, the fact remains that this reflects tremendous investment uncertainty in India — which is deterring not only foreign investors but Indian companies as well, who would rather invest abroad than at home,” Mr. Ramesh said in his post.

“We ignore the implications of the dramatic decline at our own peril,” the Congress leader said.

“The data was released as part of the RBI’s May edition of its monthly bulletin. Net FDI moderated to $0.4 billion during 2024-25 from $10.1 billion a year ago, reflecting the rise in net outward FDI and repatriation FDI,” the RBI report said.