CURRENT AFFAIRS

Detailed explanation-1: -In fact, Singapore has been the leading contributor to India in terms of country-wise foreign inflows for the past five years, starting from 2017-18. The island nation contributed $12.2 billion in 2017-18, $16.2 billion in 2018-19, $14.7 billion in 2019-20 and $17.4 billion in 2020-21 to India’s foreign inflows.

Detailed explanation-2: -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-3: -Top five sectors for FDI in Singapore in 2021 Of the top ten source countries for Singapore-destined FDI in 2021, five were Asia-Pacific-based (China, India, South Korea, Japan and Hong Kong).

Detailed explanation-4: -Mauritius, Singapore, the U.S., the Netherlands, Japan, the U.K., Germany, and the United Arab Emirates are the main investing countries in India. Investments were mainly oriented towards services, computer software and hardware, telecommunications, trade, the automobile industry, construction, and chemicals.

Detailed explanation-5: -India’s Foreign direct investment (FDI) stood at $58.8 billion in 2021-22 with Singapore, followed by the US, emerging as the top contributor among the list of 15 nations.