![Manya Rathore](https://cdn.statcdn.com/static/../CMS/contactperson/ERI3306_1715692353.png)
Share of manufacturing sector in new foreign firms in India from FY 2017-FY 2022
In the financial year 2022, the share of manufacturing companies among the new foreign firms that set up business in India was 3 percent. This was a significant decline as compared to the 12 percent in the financial year 2021. It was also the lowest recorded share since financial year 2017.