Mauritius remained the top source of foreign direct investment into India in 2017-18 followed by Singapore, whereas total FDI stood at USD 37.36 billion in the financial year, a marginal rise over the USD 36.31 billion recorded in the previous fiscal, according to RBI data.
While FDI from Mauritius totalled USD 13.41 billion as against USD 13.38 billion in the previous year, inflows from Singapore rose to USD 9.27 billion from USD 6.52 billion. Even as FDI from Netherlands declined marginally to USD 2.67 billion as against USD 3.23 billion in the year-ago period.
The provisional data for the financial year ended March revealed that foreign direct investment (FDI) into the manufacturing sector witnessed a substantial decline to USD 7.06 billion, as against USD 11.97 billion in the year-ago period.
However, FDI into communication services rose to USD 8.8 billion in 2017-18 as compared to USD 5.8 billion. The inflows into retail and wholesale trade also shot up to USD 4.47 billion as against USD 2.77 billion, while financial services sector too witnessed a rise in inflows to USD 4.07 billion from USD 3.73 billion in the previous year.