New Delhi, July 23 -- The recovery in foreign direct investment (FDI) and foreign portfolio investment (FPI) in recent months reflects renewed confidence in the Indian economy, which continues to remain among the fastest-growing major economies despite global uncertainties, according to the Reserve Bank of India's (RBI) latest State of the Economy report.

The report said economic activity remained resilient through June, supported by healthy domestic demand and strong performance of the industrial and services sectors.

FDI Inflows Strengthen Despite May Dip The report noted that net FDI rose to USD 6.5 billion during April-May FY27, compared with USD 2.47 billion in the corresponding period last year, supported by robust inflows in Apri...