Business
Services Sector Lifts FDI Firms as Manufacturing Growth Slows
The Reserve Bank of India has reported that net sales growth of select foreign direct investment (FDI) companies moderated to 8.7 per cent in 2024-25, compared to 9.4 per cent in the previous financial year.
The central bank released data on the financial performance of non-government non-financial (NGNF) FDI companies operating in India. The report is based on the audited annual accounts of 3,100 companies that submitted financial statements under the Indian Accounting Standards (Ind-AS) format.
According to the RBI, sector-wise performance showed mixed trends. Net sales growth in the services sector improved marginally to 12.7 per cent from 12.2 per cent in the previous year. However, growth in the manufacturing sector slowed to 5.1 per cent from 6.8 per cent during the same period.
The data indicates that while foreign-invested service sector firms continued to perform strongly, manufacturing companies faced slower momentum, reflecting broader economic and demand conditions.