According to the Reserve Bank of India’s monthly bulletin, the net foreign direct investments (FDI) to India declined sharply to $4.99 billion in the April-June quarter (Q1FY4) from $13.92 billion in the same period a year ago.Which country has been the major source for FDI in India?

Solution

According to the Reserve Bank of India’s monthly bulletin, the net foreign direct investments (FDI) to India declined sharply to $4.99 billion in the April-June quarter (Q1FY4) from $13.92 billion in the same period a year ago.   Manufacturing, financial services, business services, computer services, electricity, and other energy sectors accounted for more than two-thirds of the fresh equity flows during this period.   Singapore, followed by the Netherlands, Japan, the US, and Mauritius were major source countries for FDI during the same period.