Singapore top FDI source for India in FY20 with $14.67 bn in investments

Singapore was the top source of foreign direct investment into India for the second consecutive financial year, accounting for about 30 per cent of FDI inflows in 2019-20.

In the past two financial years, FDI from Singapore has surpassed that from Mauritius.

In the last financial year, India attracted $14.67 billion in FDI from Singapore, whereas it was $8.24 billion from Mauritius, according to the data of the Department for Promotion of Industry and Internal Trade (DPIIT).

In 2018-19, Singapore's FDI aggregated at $16.22 billion, while that from Mauritius it was $8.08 billion.

According to experts, Singapore has been able to outpace Mauritius with