Overall FDI rises 10% in FY20, but money coming in from Cayman Islands jumps 305%

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News: Reserve Bank of India has released the data on the Foreign direct investment(FDI) into India.

Facts:

  • Singapore and Mauritius remained the major source countries accounting for about 50% of total FDI flows in 2019-20.
    • They were followed by the Netherlands, the Cayman Islands, US and Japan.
  • The FDI from Cayman Islands has jumped 305% to $3.49 billion during 2019-20, as against $863 million in 2018.The main activity of FDI was the financial services.
  • Most of FDI equity flows went to the services sector including communication services, retail and wholesale trade, financial services, computer and business services and the manufacturing sector.