CURRENT AFFAIRS

Detailed explanation-1: -Trend on Foreign Direct Investment (FDI) in India. Singapore (27.01%) and USA (17.94%) have emerged as top 2 sourcing nations in FDI equity flows into India in FY2021-22 followed by Mauritius (15.98%), Netherland (7.86%) and Switzerland (7.31%).

Detailed explanation-2: -In financial year 2019, the highest amount of foreign direct investments (FDI) to India came from Singapore amounting around 16.3 billion U.S. dollars. Following Singapore, Mauritius and the Netherlands are the second and third largest foreign investors in India.

Detailed explanation-3: -City-state Singapore has emerged as the top source nation in terms of foreign direct investment (FDI) equity flows into India for the financial year 2021-22. India received 27.01% of its overall FDI inflows from Singapore, followed by 17.94% from the US in FY22.

Detailed explanation-4: -Singapore remained the top source of foreign direct investment into the country for the third consecutive fiscal at $17.41 billion. During the last financial year, India attracted $5.64 billion in FDI from Mauritius, according to the data by the Department for Promotion of Industry and Internal Trade (DPIIT).

Detailed explanation-5: -1 RISING FDI IN INDIA For the first time, India has crossed the USD 70 Bn mark in FY 2019-20 and recorded total FDI inflow of USD 73.45 Bn.