Singapore topples Mauritius as India's top FDI source

03 Jun 2019, 10:01PM ISTSource: TOI.in

Foreign Direct Investment (FDI) inflows from Singapore were twice that from Mauritius during the last financial year as companies opted to route funds into the country via the southeast Asian city-state, after the tax treaty with both the countries was reworked. Latest data released by the government showed that in 2018-19, inflows from Singapore were estimated at $16.2 billion, compared with $8.1 billion from Mauritius.

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