Mauritius remained the main source of foreign direct investment in India in 2017-18 followed by Singapore, while total foreign direct investment totaled USD 37.36 billion in the fiscal year, a marginal increase of USD 36.31 billion the previous tax year was recorded, according to RBI data. .
While foreign direct investment from Mauritius amounted to 13.41 billion USD compared to 13.38 billion USD in the previous year, premium income from Singapore increased from 9.5 billion USD to 9.27 billion USD. Even when the FDI declined marginally from the Netherlands to USD 2.67 billion against USD 3.23 billion in the same period last year.
The preliminary data for the financial year ending March revealed that direct foreign investment (FDI) in the manufacturing industry showed a significant decrease to USD 7.06 billion, compared to USD 11.97 billion in the same period last year.
Foreign direct investment for communication services, however, rose to USD 8.8 billion in 2017-18 compared to USD 5.8 billion. Inflows in retail and wholesale also increased to USD 4.47 billion against USD 2.77 billion, while financial services also saw an increase in premium income to USD 4.07 billion from USD 3.73 billion in previous year.
"The fact that these sectors represented more than 50 percent of total foreign direct investment of USD 37.36 billion in 2017-2018 reflects the kind of global interest in the new areas of the economy, including online marketplaces, financial technologies or finance. tech, "said Assocham.
FDI in computer services was booked at USD 3.17 billion against USD 1.93 billion in the previous year. Premium income from real estate activities quadrupled to USD 405 million compared to USD 105 million; while the FDI in education and R & D amounted to USD 347 million compared to USD 205 million in FY 2016-17.
"With various core indicators such as corporate profits, topline recovery and consumer demand with a clear improvement over the good and well-spread monsoon, the investment sentiment is expected to pick up and improve in the coming quarters in the FY 2019-20, & # 39 said the room.
Sectors such as construction and mining saw a decline in FDI inflows in 2017-18, while electricity and other energy generation, distribution and transmission and restaurants and hotels showed a slight increase in premium income, as shown in the annual report of the Reserve Bank or India.
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