In the July-September quarter of 2024-25, Singapore emerged as the largest source of Foreign Direct Investment (FDI) for India, contributing a significant 50% of the total inflows, which amounted to USD 13.6 billion. This marks a 43% increase in overall FDI inflows to India, reflecting a strong recovery after a period of weak investment. Singapore’s cumulative FDI into India, spanning from April 2000 to March 2024, stands at approximately USD 159.94 billion, highlighting the country’s longstanding and vital role in India’s economic growth.
Key Highlights of FDI from Singapore
FDI Contribution: Singapore accounted for over USD 7.5 billion, making up half of the total FDI received by India in the quarter.
Total FDI Inflows: The overall FDI inflows to India in the quarter reached USD 13.6 billion, a 43% increase year-on-year.
Bilateral Trade
Trade Relationship: In 2023-24, Singapore was India’s sixth-largest global trade partner, with a total trade value of USD 35.61 billion, contributing 29% of India’s trade with ASEAN countries.
Long-Term Economic Partnership
Cumulative FDI from Singapore: From 2000 to 2024, Singapore’s cumulative FDI to India has crossed USD 159.94 billion, cementing its position as a critical partner in India’s economic development.
Summary of the news
| Why in News | Key Points |
|---|---|
| Singapore was the largest source of FDI for India in the July-September 2024-25 quarter, contributing 50% of the total FDI inflows, which amounted to USD 13.6 billion. | – Singapore contributed 50% of the total FDI inflows to India, about USD 7.5 billion in the July-September quarter. – FDI from Singapore: Cumulative FDI from April 2000 to March 2024 stands at USD 159.94 billion. |
| Singapore’s contribution to India’s FDI growth is significant as India is in need of foreign investment. | – Bilateral trade: Singapore was India’s 6th largest global trade partner in 2023-24 with a trade value of USD 35.61 billion, accounting for 29% of India’s trade with ASEAN. |
| The FDI inflow to India rose by 43% in the same quarter, indicating a rebound in foreign investment. | – FDI Inflow to India: The total FDI for the quarter was USD 13.6 billion, a 43% increase compared to the previous period. |
| Singapore continues to demonstrate strong economic ties with India. | – Singapore High Commissioner to India: HC Wong expressed support for India’s FDI growth in a social media post. |
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