NEW DELHI: The US substituted Mauritius since the 2nd biggest source of foreign direct investment to India throughout 2020-21 using inflows of $13.
82 billion, based on government information.
Singapore remained the best source of foreign direct investment (FDI) to the nation for the third successive financial in 17.
41 billion.
During the past fiscal year, India brought $5.
64 billion in FDI out of Mauritius, according to the information by the division for marketing of internal and industry transaction (DPIIT).
The island state has been tracked by UAE ($4.
2 billion), Cayman Island ($2.
79 billion), Netherlands ($2.
78 billion), UK ($2.
04 billion), Japan ($1.
95 billion), Germany ($667 million), and Cyprus ($386 million).
Total foreign direct investments to the nation grew 19 percent to $59.
64 billion through 2020-21 amid steps taken by the authorities for policy reforms, investment facilitation and simplicity of conducting business.
Overall FDI, such as equity, re-invested capital and earnings, climbed 10 percent into this highest-ever $81.
72 billion, according to $74.
39 billion in 2019-20.
Back in 2020-21, the personal computer hardware and software industry attracted the greatest inflows of 26.
14 billion.
It was followed closely by building – infrastructure tasks ($7.
87 billion) and services industry ($5 billion).
US pips Mauritius since 2nd largest source of FDI in India
