According to RBI’s annual data, Mauritius tops India’s FDI chart in FY18

According to Reserve Bank of India (RBI)’s annual data, Mauritius accounted for the largest source of Foreign Direct Investment (FDI) into India in the financial year FY18 followed by Singapore. The data shows that the total India’s FDI stood at $37.36 billion in the FY18, which is a marginal rise over the $36.31 billion recorded in the previous fiscal FY17. The provisional data for the financial year ended March revealed that FDI into the manufacturing sector witnessed a substantial decline to $7.06 billion, as against $11.97 billion in the year-ago period. However, FDI into communication services rose to $8.8 billion in 2017-18 as compared to $5.8 billion. The inflows into retail and wholesale trade also shot up to $4.47 billion as against $2.77 billion, while financial services sector too witnessed a rise in inflows to $4.07 billion from $3.73 billion in the previous year.