According to government data, India got highest FDI from Singapore in 2023-24.
However, FDI from Singapore has declined by 31.55% to $11.77 billion in 2023-24.
FDI inflows into India declined by about 3.5% due to global economic uncertainties.
In FY24, FDI equity inflows declined from countries like Mauritius, Singapore, the U.S., the U.K., UAE, Cayman Islands, Germany, and Cyprus.
Investments increased from the Netherlands and Japan.
Since 2018-19, the largest source of FDI investments for India has been Singapore.
In 2017-18, India received the maximum FDI from Mauritius.
FDI equity inflows in India decreased 3.49% to $44.42 billion in 2023-24.
The total FDI decreased marginally by one per cent to $70.95 billion during 2023-24.
The total FDI includes equity inflows, reinvested earnings and other capital.
In 2021-22, India got the highest ever FDI inflows of $84.83 billion.
FDI inflows declined in sectors like services, computer software and hardware, trading, telecommunication, automobile, pharma and chemicals.
Construction (infrastructure) activities, development and power sectors have recorded growth in inflows.
FDI from Mauritius declined to $7.97 billion in the last fiscal. Mauritius was the second biggest investor.
The U.S. was the third largest investor in India in 2023-24. It was followed by the Netherlands, Japan, the UAE, U.K., Cyprus, Germany, and Cayman Islands.
Mauritius’ share in total FDI received by India during April 2000 to March 2024 is 25%. Singapore’s share is 24%. The U.S. accounted for 10%.
