What India’s headline FDI won’t tell you and where we need to go

FDI equity inflows into India rose 18% to $58.84B in FY26. ChrysCapital’s Ashish Dhawan says manufacturing FDI is only $20-22B, not the reported $90B. By CNBCTV18.com Foreign Direct Investment (FDI) equity inflows into India increased by 18% to reach $58.84 billion in the fiscal year 2025-26, with investments from the United States more than doubling compared to the previous fiscal year. However, is that the whole story? ChrysCapital founder Ashish Dhawan adds a layer to this data, dissecting the complexity of the matter. Ashish Dhawan says that’s the only way India can create 40-50 million jobs and take exports from…