CURRENT AFFAIRS

Detailed explanation-1: -Singapore and the United States have emerged as the top two countries in Foreign Direct Investment equity flows into India in the Financial year 2021-2022.

Detailed explanation-2: -Singapore is ranked one FDI provider to India. The small island nation has invested $15.9 billion in FY22 which is accounted for 27 per cent of India’s total FDI received. USA is India’s second biggest investor with FDI of $10.5 billion, with 18 per cent of total FDI.

Detailed explanation-3: -The United States recorded the largest increase of inward foreign direct investment of all economies in 2021.

Detailed explanation-4: -Sector-wise FDI Equity Inflows during April-September 2022 During the first half of this fiscal, Singapore emerged as the top investor. It was followed by Mauritius, the U.A.E., the U.S.A., the Netherlands and Japan.