Despite the war in West Asia, foreign direct investment (FDI) inflows rose sharply in both gross and net terms in April this year, bucking the trend of heightened outflows by foreign portfolio investors. Gross FDI inflows rose to $15.3 billion in April this year compared with $9.3 billion in the same month last year. Similarly, net FDI inflows rose to $6.6 billion from around $1.6 billion during the same period, the Reserve Bank of India’s (RBI) monthly bulletin for June shows. In fact, net FDI remained negative for five consecutive months from August to December last year due to a rise in repatriation and outward FDI.