FDI outflows: Mauritius is India's largest overseas investment destination

FDI outflows to Mauritius and Singapore have gained momentum in the last one year

The story of rising foreign direct investments (FDI) in India in the last few years is quite well-known. FDI flows into India were estimated at $24 billion in the last year of the Manmohan Singh government, that is 2013-14. But the first year of the Modi government saw a jump of 27 per cent in FDI inflows to over $30 billion, reflecting perhaps the foreign investors’ fresh enthusiasm about the new regime. The following year saw an even higher increase of almost 30 per cent to $40 billion. And in 2016-17, data for which are available only till December, the