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Foreign direct investment in India surged 64% in October to $8.4 billion, the highest in 18 months, as the global economic environment shows signs of improvement. Inflows increased for three consecutive months, although FDI between April and October 2023 was 6.7% lower compared to the same period last year. The government is actively attracting investors and positioning India as an attractive destination for companies looking to diversify their manufacturing bases. The government has been urging companies like Apple and Tesla to invest in India and is offering production-linked incentives to attract domestic and global investors.

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