US pips Mauritius as 2nd largest source of FDI in India in 2020-21: DPIIT data

Overall foreign direct investments into the country grew 19% to $59.64 billion during 2020-21. (Representative image)

NEW DELHI: The US replaced Mauritius as the second largest source of foreign direct investment into India during 2020-21 with inflows of $13.82 billion, according to government data.
Singapore remained the top source of foreign direct investment (FDI) into the country for the third consecutive fiscal at $17.41 billion.
During the last financial year, India attracted $5.64 billion in FDI from Mauritius, according to the data by the department for promotion of industry and internal trade (DPIIT).
The island country was followed by UAE ($4.2 billion), Cayman Island ($2.79 billion), Netherlands ($2.78 billion), UK ($2.04 billion), Japan ($1.95 billion), Germany ($667 million), and Cyprus ($386 million).
Overall foreign direct investments into the country grew 19 per cent to $59.64 billion during 2020-21 amid measures taken by the government for policy reforms, investment facilitation and ease of doing business.
Total FDI, including equity, re-invested earnings and capital, rose 10 per cent to the highest-ever $81.72 billion, as against $74.39 billion in 2019-20.
In 2020-21, the computer software and hardware sector attracted the highest inflows of $26.14 billion. It was followed by construction – infrastructure activities ($7.87 billion) and services sector ($5 billion).

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