Current Affairs - Economy - Discussion

According to Reserve Bank of India (RBI)'s annual data, Mauritius accounted for the largest source of Foreign Direct Investment (FDI) into India in the financial year FY18 followed by Singapore. The data shows that the total India's FDI stood at $37.36 billion in the FY18, which is a marginal rise over the $36.31 billion recorded in the previous fiscal FY17. The provisional data for the financial year ended March revealed that FDI into the manufacturing sector witnessed a substantial decline to $7.06 billion, as against $11.97 billion in the year-ago period. However, FDI into communication services rose to $8.8 billion in 2017-18 as compared to $5.8 billion.