Congress slams Centre over collapse in FDI, fall in domestic investment

On Friday, the Congress charged the Modi administration with undermining domestic investment and contributing to a “near destruction” of Foreign Direct Investment due to its method of “another kind of FDI — Fear, Deceit, and Intimidation.”

In a post on X, AICC General Secretary (Communications) Jairam Ramesh stated that the net FDI in India from April to January 2024-25 was merely $1.4 billion, compared to $19 billion during April-January 2012-13, when the Congress-led UPA held power.

“The Modi Government’s destruction of Domestic Investment (DI) has been accompanied by a near annihilation of FDI (Foreign Domestic Investment) through its practice of another type of FDI (Fear, Deceit, and Intimidation),” Ramesh said in his post.

“In Apr-Jan 2012-13, net FDI in India was $19 billion. In Apr-Jan 2024-25, net FDI in India was under $1.4 billion,” he said.

He claimed the Modi government achieved this distinction even before President Trump took over in January 2025.

“During Biden’s Presidency, companies across the world were scrambling to invest in Asian countries excluding China. Vietnam, Indonesia, and Bangladesh got billions in investment while India languished,” the Congress leader said.