Singapore top source for FDI inflows into India

Singapore top source for FDI inflows into India

Daily Current Affairs   /   Singapore top source for FDI inflows into India

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Category : Business and economics Published on: August 01 2022

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  • City-state Singapore has emerged as the top source nation in terms of foreign direct investment (FDI) equity flows into India for the financial year 2021-22.
  • India received 27.01% of its overall FDI inflows from Singapore, followed by 17.94% from the US in FY22.
  • Mauritius ranked third on the list with 15.98% share in the country's FDI inflows, followed by The Netherlands (7.86%) and Switzerland (7.31%), according to the Ministry of Commerce & Industry.
  • The top five states receiving the highest FDI equity inflows during FY22 are Karnataka (37.55%), Maharashtra (26.26%), Delhi (13.93%), Tamil Nadu (5.10%) and Haryana (4.76%).
  • In FY22, FDI was received from 101 countries, whereas, it was reported from 97 countries during FY21.
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