Question
According to recent RBI census data for FY 2023, which
country emerged as the largest source of foreign direct investment (FDI) in India?Solution
The United States emerged as the leading source of foreign direct investment (FDI) in India during the fiscal year 2023 (FY23), according to a recent census conducted by the Reserve Bank of India (RBI). The data also revealed that Mauritius, the United Kingdom, and Singapore followed the United States and collectively contributed 60 per cent of the total FDI inflow into India. In terms of market value, the FDI amounted to Rs 50 lakh crore in FY23. Specifically, the United States brought in Rs 8.58 lakh crore ($103 billion) in FDI during FY23, up from Rs 8.05 lakh crore in the previous fiscal year, representing a 17.2 per cent share of the total FDI.
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