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FDI Rose 18% In FY18 To Rs 28.25 Lakh Crore: RBI data

FDI Rose 18% In FY18 To Rs 28.25 Lakh Crore: RBI data_50.1

Reserve Bank of India has released a data on “Census on Foreign Liabilities and Assets of Indian Direct Investment Companies, 2017-18” which shows that the Foreign Direct Investment (FDI) has increased 18% to Rs. 28.25 lakh crore in FY18.

FDI increased by Rs 4,33,300 crore, including revaluation of past investments, during 2017-18 to reach Rs 28,24,600 crore in March 2018 at market value. Overseas direct investment (ODI) by Indian companies increased by 5% to Rs 5.28 lakh crore.

The census showed that Mauritius continued to be the largest source of FDI in India (19.7%) followed by the US and UK. In case of overseas investment by Indian companies, Singapore (17.5%) was the major destination, followed by the Netherlands and Mauritius.

Source: Business Today

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