Solution

According to the Reserve Bank of India’s monthly bulletin, the net foreign direct investments (FDI) to India declined sharply to $4.99 billion in the April-June quarter (Q1FY4) from $13.92 billion in the same period a year ago.   Manufacturing, financial services, business services, computer services, electricity, and other energy sectors accounted for more than two-thirds of the fresh equity flows during this period.   Singapore, followed by the Netherlands, Japan, the US, and Mauritius were major source countries for FDI during the same period.