Mauritius takes the lead for foreign direct investments to India from Apr-Sept 2014
However, Mauritius is slowly losing its lead, as Singapore plays catch up and garners an increasing share of Indian FDI flows, compared to its performance over the last decade and a half (April 2000 to September 2014). (Image: travelblog.agoda)
Mauritius has one again emerged as the largest source of foreign direct investment (FDI) routed to India, accounting for an inflow of USD 4.19 billion (approximately MUR 132.03 billion) in the April-September 2014 period, or an increase of 59.92% over FDI inflows of USD 2.62 billion in the corresponding period in 2013.
Data from the Department of Industrial Policy & Promotion (DIPP) of India also showed that the inflow of foreign investment from Singapore amounted to USD 2.41 billion (approx MUR 75.94 billion), followed by the Netherlands at USD 1.95 billion (approx MUR 61.44 billion) and United States of America with USD 1.19 billion (approx MUR 37.50 billion) during the six-month period.
Looking back at last year’s performance for the corresponding period (April to September 2013), it was Singapore that appeared second on the list with an inflow of USD 2.49 (approx MUR 78.46 billion) followed by United Kingdom and Netherlands with USD 1.88 billion (approx MUR 59.24 billion) and USD 1.06 (approx MUR 33.40 billion) respectively.
However, while the island economy may have regained its lead, it is slowly ceding share to Singapore over the years. At the level of cumulative inflows from April 2000 to September 2014, Mauritius had cornered 36% of the total share of FDI over the period, but over the current six months from April-September 2014, the island’s share has come down to 29% of total inflows from across various nations.
Singapore, on the other hand, enjoyed only 12.4% share of inflows into India over the past (April 2000 to September 2014), but over the recent April-September 2014 period, it has managed to inch its way up to 16.7% of total FDI flows into India.
Thus, Mauritius is slowly losing its lead, as Singapore plays catch up and garners an increasing share of Indian FDI flows, compared to its performance over the last decade and a half.
In fact, in 2013-14, Singapore had dethroned Mauritius as the largest source of FDI in India, accounting for about 25 percent of total FDI inflows in the fiscal.
During the last financial year, India had attracted USD 4.85 billion (approx MUR 152.82 billion) in FDI from Mauritius compared to USD 5.98 billion ( approx MUR 188.43 billion) from Singapore.