The strong fundamentals, pockets of high growth and the bankruptcy law has led to India passing China in FDI flows for M&A deals. The slowing growth of China and the ongoing trade war certainly had its impact. The majority of the $ 38 B in FDI came from tech investments (hashtag#Walmart's 16 B $ in hashtag#Flipkart leading the race). Indian government is further targeting $ 100 B over the next two years through special industrial clusters and targeting countries such as China, South Korea, Japan and Russia.
https://economictimes.indiatimes.com/news/economy/indicators/india-pips-china-in-fdi-inflows-for-the-first-time-in-20-years/articleshow/67281263.cms
