Mauritius largest source of FDI in India, says RBI | Current Affairs, Current Affairs 2019

Mauritius largest source of FDI in India, says RBI

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Mauritius was the largest source of foreign investment in India, followed US and UK, according to a report from RBI.
A report from Reserve Bank of India (RBI) says, ‘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 yields comprehensive information on the market value of foreign liabilities and assets of Indian companies arising on account of FDI, ODI and other investments.
The report further stated, ‘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’.

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