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

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

Key Facts

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 had 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 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.