Who: Singapore replaced Mauritius
What: As top source of FDI into India
When: Announced in December 2015
Singapore replaced Mauritius as top source of Foreign Direct Investment (FDI) into India during April-September of 2015-16 financial year. An announcement in this regard was made by the Department of Industrial Policy and Promotion of Ministry of Commerce and industry in the first week of December 2015.
As per the data, between 15 April and 15 September 2015, India received 43096 crore rupees as FDI from Singapore. In the same period FDI from Mauritius was 23490 crore rupees.
In the same period, While Netherlands was at number three with 7017 crore rupees of investment, the USA stood at the stood fourth with 5435 crore rupees.
However in terms of cumulative inflows between April 2000 and September 2015 Mauritius still leads the investment list. While Mauritius contributed to 34 percent of total FDI investments, it was only 15 percent in the same period.