Economy UPPSC 1995 GS-I
Question

During 1991-952023-2024 the countries which brought largest direct foreign investment to India are:

Answer & Solution

Answer: (Detailed Solution Below)

Option D: Mauritius and Singapore

Detailed Solution:

The correct answer is “Mauritius and Singapore”.

According to June 2024 data from Invest India, Mauritius was the top contributor to India's foreign direct investment (FDI) in FY 2023-24, accounting for 25% of total inflows. However, Singapore was the largest contributor in terms of dollar value, with over $11 billion, or 24% of the total.

Mauritius (25%), Singapore (23%), USA (9%), Netherland (7%) and Japan (6%) emerge as top 5 countries for FDI equity inflows into India FY 2023-24.

Top 5 States receiving highest FDI Equity Inflow during FY 2023-24 are Maharashtra (30%), Karnataka (22%), Gujarat (17%), Delhi (13%), and Tamil Nadu (5%).

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