FDI during the previous fiscal grew 18% to Rs 28.25 lakh crore, data from the Reserve Bank of India (RBI) showed. FDI increased by Rs 4,33,300 crore, including revaluation of past investments, during 2017-18 to reach Rs 28,24,600 crore in March 2018 at market value, according to RBI data on ‘Census on Foreign Liabilities and Assets of Indian Direct Investment Companies, 2017-18’.
Overseas direct investment (ODI) by Indian companies increased by 5 per cent to Rs 5.28 lakh crore.
“FDI companies witnessed a substantial increase in other investment liabilities, largely due to the increase in trade credit,” the RBI said. The census showed that Mauritius continued to be the largest source of FDI in India (19.7 per cent) followed by the US, the UK, Singapore and Japan.