The highest foreign investment in India is not coming from America or England but from Singapore. Singapore has emerged as a preferred region for investment in India. According to government data, India has received the highest FDI from Singapore in the last financial year 2023-24.
Foreign investors' trust in India remains intact. By surpassing America and England, now a new country is investing heavily in India. According to government data, the maximum foreign investment in India is not coming from America or England but from Singapore. India has received the highest FDI from Singapore in the last financial year 2023-24.
However, foreign investment inflows into the country have declined by 3.5 per cent amid global economic uncertainties. According to government data, FDI inflows from Singapore have declined by 31.55 per cent to $11.77 billion in 2023-24, but data shows that India has attracted the most investment from Singapore.
Investment from Japan-Netherlands also increased
During the last financial year, FDI equity inflows from major countries including Mauritius, Singapore, US, UK, United Arab Emirates (UAE), Cayman Islands, Germany and Cyprus declined. At the same time, investment from Netherlands and Japan has increased. Singapore has been the largest source of such investment for India since the financial year 2018-19. In 2017-18, India attracted the highest FDI from Mauritius.
Because of this, foreign investors are coming to India
According to experts, after the amendment in the India-Mauritius tax treaty, Singapore has emerged as a preferred region for investment in India. According to Rumki Majumdar, economist at Deloitte India, as one of the world's leading financial centers, Singapore attracts global investors who want to invest in Asia.
India's recent initiatives such as amendments to the REIT Regulations 2014 have created new opportunities for Singapore-based investors. This is why India may receive high FDI from Singapore. He also expressed hope that FDI in India will pick up in the second half of 2024-25.
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