Singapore Emerges as Largest Source of FDI for India in Q2 2024-25
| Why in News | Key Points |
|---|---|
| Singapore emerged as the largest source of FDI for India in the July-September 2024-25 quarter, contributing 50% of the total FDI inflows, which amounted to USD 13.6 billion. | - Singapore contributed 50% of the total FDI inflows to India, about USD 7.5 billion in the July-September quarter. - Cumulative FDI from Singapore: From April 2000 to March 2024, cumulative FDI stands at USD 159.94 billion. |
| The FDI inflow to India rose by 43% in the same quarter, indicating a rebound in foreign investment. | - Total FDI Inflows to India: The total FDI for the quarter was USD 13.6 billion, a 43% increase compared to the previous period. |
| Singapore's significant role in India's economic growth is highlighted by its longstanding trade and investment relationship. | - Bilateral Trade: Singapore was India's 6th largest global trade partner in 2023-24 with a trade value of USD 35.61 billion, accounting for 29% of India's trade with ASEAN. |
| Singapore's High Commissioner to India expressed support for India's FDI growth. | - Singapore High Commissioner to India: HC Wong emphasized Singapore's commitment to India's economic development in a social media post. |