FDI inflows record 1st decline in six years in FY19
Updated : May 29, 2019 08:16 AM IST
According to the latest data of the Department for Promotion of Industry and Internal Trade (DPIIT), FDI in 2017-18 was a record $44.85 billion.
Since 2012-13, the inflows had been continuously growing and reached a record high in 2017-18.
Further, Singapore has replaced Mauritius as the top source of foreign investment into India in the last fiscal, accounting for $16.22 billion inflows. India has received $8 billion FDI from Mauritius.