RBI reports drop in India's Q1 2023-24 net FDI inflows to $5.1B from $11.9B YoY.

*RBI reports drop in India's Q1 2023-24 net FDI inflows to $5.1B from $11.9B YoY.*

*This is the first decline in net FDI inflows in a decade.*

*RBI blames widening current account deficit, driven by an $83.5B trade deficit, with imports surging by 23.1%, surpassing export growth at 16.2%.*
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