India as the next China is something that Indians want
We need to see more on their Q4 2022 economic growth to see if that is really the case. India will likely keep growing at 5 % and surely their economy will become quite big. I see their previous hight growth is more related to low base effect since their economy was plung at negative 7.7 % in 2020 due to Covid, there will be 2 years high growth to compensate that plung in growth. Something that is similar like Malaysia. This Q4 2022 that will be released in late February will be quite important to see India real economic future growth. Just hold your breath.....
Dont bee too much rely on Western FDI though, they focus more on their preference countries. Indonesia FDI in majority come from Far East region (Singapore, Hongkong, China, Japan, South Korea). USA has become number 5 last year for FDI origin.
India FDI is about 44 billion USD in 2021, the same like Indonesia FDI in 2022. We need to see UNCTAD latest data for India since India government FDI calculation is pretty bias as they also incorporate investment flow into their financial as FDI. This UNCTAD number is better than Indian Government FDI calculation.
Overview of key economic statistics. The statistical themes covered are: International trade, economic trends, foreign direct investment, external financial resources, population and labor force, information economy and maritime transport.
unctadstat.unctad.org