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RBI Census data reveals Mauritius as the biggest source of FDI followed by USA and UK

Total Sales, Including Exports, Of Foreign Subsidiaries In India Increased By 18.7 Per Cent During 2016-17 Whereas Their Purchases, Including Imports, Increased By 20.1 Per Cent.

News Nation Bureau | Edited By : Shambhudeep Hore | Updated on: 19 Jan 2018, 08:16:58 PM
RBI Census data reveals Mauritius as the biggest source of FDI followed by USA and UK  (Source:PTI)

New Delhi:

As per the latest census carried out by the Reserve Bank of India (RBI), Mauritius has emerged as the largest contributor to the Foreign Direct Investment (FDI) in India.

“Mauritius was the largest source of FDI in India (21.8 per cent share at market value) followed by the USA, the UK, Singapore and Japan whereas Singapore (19.7 per cent) was the major ODI destination, followed by the Netherlands, Mauritius, and the USA,” the census said.

The Census on Foreign Liabilities and Assets of Indian Direct Investment Companies 2016-17, released by RBI on Friday.

 “96 per cent of the responding companies were unlisted in March 2017 and most of them had received only inward FDI; unlisted companies had higher share of FDI equity capital vis-a-vis listed companies,” it said.

“It is important to note that changes in outstanding asset/liabilities would be different from flows recorded in the balance of payments (BoP) during a year, as the former would also include valuation changes due to price and exchange rate movements,” the central bank said.

“The ratio of market values of inward to outward direct investment, increased to 4.3 in March 2017 from 3.6 a year ago; equity participation accounted for 94 per cent and 79 per cent shares in inward and outward FDI, respectively,” it said.

 

(With PTI inputs)

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First Published : 19 Jan 2018, 08:15:54 PM

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