Current Affairs - Finance - Discussion

As of June 30, 2024, Ireland has surpassed Mauritius to secure the fourth position among preferred destinations for Foreign Portfolio Investors (FPIs) directing funds into India. Ireland's assets under custody (AUC) reached Rs 4.41 trillion, slightly higher than Mauritius' Rs 4.39 trillion. The shift in preference is due to various factors, including regulatory challenges and attractive tax treaty benefits offered by European jurisdictions such as Ireland, which boasts a highly developed economy focused on technology, pharmaceuticals, and financial services.