Not all FDI is the same: The country must rejig what statistics capture to focus on the right kind

India’s net foreign direct investment fell from nearly $44 billion in 2020-21 to under $1 billion in 2024-25. Experts said the country must reclassify these statistics to focus on capital that builds manufacturing capacity. Currently, India lumps temporary private equity funds with long-term investments that create jobs and boost exports.