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According to DPIIT Data, the United States Will Overtake Mauritius as India's Second Largest Supplier of FDI in 2020-21

    30 May , 2021         Fdiindia

According to DPIIT Data, the United States Will Overtake Mauritius as India's Second Largest Supplier of FDI in 2020-21

According to government data, the US surpassed Mauritius as the second largest source of foreign direct investment into India in 2020-21, with inflows of USD 13.82 billion. For the third fiscal year in a row, Singapore was the biggest source of foreign direct investment (FDI) into the country, with USD 17.41 billion.

According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), India received USD 5.64 billion in FDI from Mauritius during the previous fiscal year. UAE (USD 4.2 billion), Cayman Islands (USD 2.79 billion), Netherlands (USD 2.78 billion), UK (USD 2.04 billion), Japan (USD 1.95 billion), Germany (USD 667 million), and Cyprus (USD 667 million) followed the island nation (USD 386 million). FDI into the country increased by 19% to USD 59.64 billion in 2020-21 as a result of the government's policy reforms, investor facilitation, and ease of doing business initiatives.

Total FDI, which includes equity, re-invested earnings, and capital, increased 10% to USD 81.72 billion in 2019-20, up from USD 74.39 billion the previous year. The computer software and hardware sector received the most inflows of USD 26.14 billion in 2020-21. Construction - infrastructure activities (USD 7.87 billion) and the services industry came in second and third, respectively (USD 5 billion).