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RBI Census reveals that the USA remains the largest source of FDI in India.

Banking & Finance | Dated: 25 Oct 2024

According to the Reserve Bank of India's (RBI) annual Census on Foreign Liabilities and Assets of Indian Direct Investment Entities for 2023-24, the United States (USA) remains the largest source of Foreign Direct Investment (FDI) in India, followed by Mauritius, Singapore, and the United Kingdom (UK).

🎯 Key Highlights:

  • - The latest census covered 41,653 entities, of which 37,407 reported FDI and Overseas Direct Investment (ODI) in their balance sheets for March 2024.

💡 Other Important Facts:

  • (i) According to the RBI census, non-financial companies (NFCs) accounted for about 90% of the total FDI equity at face value.
  • (ii) The total FDI in India increased by 23.3% in market value (in rupee terms) during the financial year 2023-24 (FY24). This rise was mainly due to large valuation gains and new FDI inflows, while ODI growth was much lower at 3.4%.

📚 Test Your Knowledge:

Recently, which country was revealed to be the largest source of Foreign Direct Investment (FDI) in India, according to the RBI Census?

Correct Answer: United States of America (USA)

🚀 Quick Recap:

About RBI

  • CEO : Shaktikanta Das
  • Headquarter : Mumbai