DPIIT released the Foreign Direct Investment (FDI) report for India

Current Context: On December 1, 2024, the Department for Promotion of Industry and Internal Trade (DPIIT) released the Foreign Direct Investment (FDI) report for India, covering the period from April to September 2024.

• The report highlighted a significant 45% increase in FDI inflows, amounting to $29.79 billion, compared to the same period in the previous year.
• Singapore emerged as the largest contributor, accounting for 50% of the total FDI inflows with $7.53 billion, followed by Mauritius, the Netherlands, the US, and the UAE.
• Key sectors attracting substantial investments included services, computer software, telecom, and pharmaceuticals.
• State-wise, Maharashtra received the highest FDI inflows, followed by Karnataka, Telangana, and Gujarat.
• The report also noted a 28% increase in total FDI, which includes equity inflows, reinvested earnings, and other capital, totaling $42.1 billion in the first half of the fiscal year, up from $33.12 billion in the previous year.

Question:

1 Which country emerged as the largest contributor to FDI inflows into India as per the FDI report on 1st December 2024?

• A) Mauritius
• B) The Netherlands
• C) The US
• D) Singapore

Answer: D) Singapore emerged as the largest contributor, accounting for 50% of the total FDI inflows with $7.53 billion.