New Delhi, May 25 (PTI) The Congress on Sunday said the decline in net FDI inflows into India reflects tremendous investment uncertainty in the country, with more businesses choosing to invest abroad.

AICC general secretary Jairam Ramesh said in a post on X that the just released RBI data reveals that Net FDI inflows into India in 2024-25 plunged by an unprecedented 96 per cent to a measly USD 0.4 billion.

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"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," Ramesh said in his post.

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

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The data was released as part of the RBI's May edition of its monthly bulletin.

Net FDI moderated to USD 0.4 billion during 2024-25 from USD 10.1 billion a year ago, reflecting the rise in net outward FDI and repatriation FDI, the RBI report said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)