Current Affairs

Mauritius remains top source of FDI into India in 2017-18: RBI

According to Reserve Bank of India (RBI) data, Mauritius was the top source of foreign direct investment (FDI) into India in 2017-18 followed by Singapore.
Mauritius remains top source of FDI into India in 2017-18: RBI
  • The total FDI in FY 18 stood at $37.36 billion in financial year which was a marginal rise over $36.31 billion recorded in the previous fiscal 2016-17.

More Details:

  • FDI from Mauritius was $13.41 billion in 2017-18 as against $13.38 billion in previous year.
  • FDI inflows from Singapore rose to $9.27 billion from $6.52 billion.
  • FDI from Netherlands has declined marginally to $2.67 billion as against $3.23 billion.
  • FDI into manufacturing sector had witnessed substantial decline to $7.06 billion, as against $11.97 billion a year earlier.
  • FDI into communication services rose to $8.8 billion in 2017-18 from $5.8 billion.
  • The inflows into retail and wholesale trade increased to $4.47 billion as against $2.77 billion.
  • FDI in financial services too saw a rise to $4.07 billion from $3.73 billion in the previous year.
  • These sectors accounted for more than 50% of total FDI of $37.36 billion in 2017-18 reflects global interest in new areas, including online marketplaces and financial technologies.

Question:

Q. According to Reserve Bank of India (RBI) data, who was the top source of foreign direct investment (FDI) into India in 2017-18 followed by Singapore?
a. Australia
b. China
c. Japan
d. Mauritius
Mauritius remains top source of FDI into India in 2017-18: RBI Mauritius remains top source of FDI into India in 2017-18: RBI Reviewed by Inderjeet Virdi on September 05, 2018 Rating: 5

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