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