Singapore has replaced Mauritius as the top source of foreign direct investment (FDI) into India during the 1st half of the current fiscal year 2015-2016. It was unveiled by the data during April to September 2015 period released by the Department of Industrial Policy & Promotion (DIPP).
Key facts:
India has attracted 6.69 billion dollars FDI from Singapore while it received 3.66 billion dollars from Mauritius.
Highest foreign investment sector wise :
- Computer software & hardware (3.05 billion dollars), trading (2.30 billion dollars), services and automobile (1.46 billion dollars each) & telecommunications (659 million dollars).
- Foreign investment from Singapore has more than doubled from 2.41 billion dollars in the same period in FY year 2014-15.
- Overall, Singapore accounts for 15% of the total inbound FDI received by India during April 2000 and Sept. 2015.
- However, Mauritius accounted for 34 % of FDI during the same period.
Singapore replaces Mauritius as top source of foreign direct investment into India
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