FDI to India drops substantially in the Election year

Ahead of the forthcoming Lok Sabha elections, the Foreign Direct Investment (FDI) to India has substantially decreased for the first time since the BJP led NDA government came into power in 2014.

Reportedly, the FDI dropped to US$33​​.5 billion, which is a 7 per cent drop in the nine months ended December 2018 as against US$36 billion in the corresponding period last year.

The top source country to invest in India was Singapore with US$13 billion, followed by Mauritius, Japan and Britain at US$6 billion, US$2.2 billion and US$1.1 billion, respectively.

Author: ElectionAdda