Mauritius was largest source of FDI in India in 2016-2017: RBI
According to Census on Foreign Liabilities and Assets of Indian Direct Investment Companies 2016-17 released by Reserve Bank of India (RBI), Mauritius was largest source of foreign investment (FDI) in India.
The census yields carry comprehensive information on market value of foreign liabilities and assets of Indian companies arising on account of FDI, ODI and other investments.
Mauritius was largest source of FDI in India (21.8% share at market value) followed by USA, UK, Singapore and Japan. Singapore (19.7%) was major ODI destination, followed by Netherlands, Mauritius, and US.
18,667 companies had participated in census, of them 17,020 had FDI/overseas direct investment (ODI) in their balance sheets in March 2017. 96% of 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. Further, over 80% of 15,169 companies that reported inward FDI were subsidiaries of foreign companies (single foreign investor holding over 50% of total equity).
The manufacturing sector accounted for nearly half of total FDI at market prices, information and communication services (ICTS) and financial and insurance activities were other major sectors that attracted FDI. Total sales, including exports, of foreign subsidiaries in India increased by 18.7% during 2016-17 whereas their purchases, including imports, increased by 20.1%.
Categories: Business, Economy & Banking