Mauritius became the largest source for foreign direct investment (FDI) in India during April-December with an inflow of Rs 35,647 crore (Rs 356.47 billion), Parliament was informed on Wednesday.
Mauritius has lost its numero uno position as India's FDI source last fiscal to Singapore.
The inflow of foreign investment from Singapore amounted to Rs 26,246 crore (Rs 262.46 billion) during period under review, followed by the Netherlands at Rs 15,630 crore (Rs 156.30 billion), the USA at Rs 9,010 crore (Rs 90.10 billion) and Japan at Rs 8,655 crore (Rs 86.55 billion) during the period, Minister of State for Overseas Indian Affairs General V K Singh said in a written reply to Lok Sabha.
In 2013-14, Singapore had pipped Mauritius as the largest source of FDI in India.
Singapore saw FDI equity inflow of Rs 35,625 crore (Rs 356.25 billion), while island nation attracted an investment of Rs 29,630 crore (Rs 296.30 billion).
Overall, foreign investment from all the countries in India stood at Rs 1,27,608 crore (Rs 1,276.08 billion) during April-December period of the current fiscal as against Rs 1,47,518 crore (Rs 1,475.18 billion) during the entire last fiscal.
