Alphabet (GOOG, GOOGL) helped drive a 44% increase in foreign direct investment into India to $39 billion in 2025, largely through its $14.5 billion data center project, according to a new report released by United Nations' trade agency on Tuesday.
The increase was driven by a handful of large projects, including Alphabet's investment and Hynfra's $4 billion green hydrogen project, UN Trade and Development said in its annual World Investment Report.
The report also said the value of announced greenfield projects in India fell to roughly $74 billion in 2025 from more than $111 billion in 2024, reflecting weaker manufacturing investment despite continued spending on digital infrastructure and services.
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