Q. Which country has the highest FDI inflows into India during April to September 2023?
Answer:
Singapore
Notes: The Department for Promotion of Industry and Internal Trade (DPIIT) launched data that reflected the decline in the Foreign Direct Investment (FDI) inflow during the first half of FY23. The DPIIT data shows that for April-September 2023, the FDI equity inflows in the country declined by 14%. It was recorded at USD 26.9 billion, compared to USD 31.15 billion for the corresponding period in FY22. It mentioned that with an FDI inflow of USD 10 billion, Singapore was the top investor in India for the first half of FY23, followed by Mauritius (USD 3.32 billion) and the UAE (USD 2.95 billion).