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Singapore Replaces Mauritius As India’s Top Source Of FDI

Singapore Replaces Mauritius As India’s Top Source Of FDI

Singapore overtook Mauritius and became India’s largest source of foreign direct investment as its equity inflows crossed 41 per cent during the end of 2018 to nearly $13 billion. In 2018-19, investments seen from Singapore were estimated at $16.2 billion, compared to $8.1 billion from Mauritius, a significantly lower amount. However, for the first time in 6 years, the country saw a drop in foreign funds in major sectors like telecommunication, pharmaceuticals, and power. According to data released by the…

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