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According to government data, India got highest FDI from Singapore in 2023-24

Published on June 03, 2024
Current Context: According to the latest government data, India received the highest foreign direct investment (FDI) from Singapore in the fiscal year 2023-24.
According to government data, India got highest FDI from Singapore in 2023-24
  • However, it’s worth noting that the FDI from Singapore dipped by 31.55% to $11.77 billion in 2023-24.
  • Despite this decrease, India still attracted the maximum inflows from Singapore.
  • Overall, foreign direct investment (FDI) equity inflows into India declined moderately to USD 44.42 billion in the fiscal year 2023-24, reflecting a 3.49 per cent decrease from the previous year’s figure of USD 46.03 billion.
  • This contraction was due to global economic uncertainties and lower infusion in sectors like services, computer hardware and software, telecom, auto and pharmacy among others.
  • Since 2018-19, Singapore has been the largest source of such investments for India.

Question:

1. Which country was the largest source of foreign direct investment (FDI) into India in the fiscal year 2023-24?

  • A) USA
  • B) China
  • C) Japan
  • D) Singapore
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