Domestic investment announcements cross Rs. 37 lakh crore (US$ 428.04 billion) in last two years: State Bank of India (SBI) Report
- IBEF
- January 24, 2025
Domestic investment announcements in India have surged significantly, surpassing Rs. 37 lakh crore (US$ 428.04 billion) in FY23 and FY24, according to a report by the State Bank of India (SBI). This marks a substantial increase from the Rs. 10 lakh crore (US$ 115.69 billion) recorded in FY21, driven by strong contributions from both government and private sectors. The report indicates that in the first nine months of FY25 (9M FY25), over Rs. 32 lakh crore (US$ 370.20 billion) in investments were announced, up from Rs. 23 lakh crore (US$ 266.08) during the same period the previous year, showcasing a consistent momentum in investment activities nationwide.
The report highlights a growing trend in private sector participation in investment announcements. The private sector’s share of investments rose from about 50% in FY21 to approximately 68% in FY22 and FY23, and it continued to increase, accounting for over 70% of total announced investments in 9MFY25. The manufacturing sector recorded the highest number of investment projects, with 1,493 announcements totaling Rs. 5,97,921 crore (US$ 69.17 billion). Meanwhile, the power sector attracted the largest investment value, with projects worth Rs. 13,58,783 crore (US$ 157.19 billion). Other sectors, like mining and oil and gas, also contributed significantly, reflecting ongoing efforts to enhance economic activity and foster a favorable investment environment in key areas.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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