High rates, chip crunch hit FDI; FY24 outlook strong

However, a large number of FDI proposals are in the "pipeline", which means such inflows are going to be higher in fiscal 2024 than this fiscal year, one of the officials said. Many of these proposals pertain to sectors that are covered under production-linked incentive (PLI) schemes, such as electronics, pharmaceuticals and renewables, the official said, adding that inflows into sectors offering PLI schemes continued to be good this fiscal year as well.