USA becomes India’s second largest FDI source in first half of FY 2020-2021
According to data provided by the Ministry of Commerce and Industry, the United States emerged as the second largest source of foreign direct investment (FDI) for India during April-September 2020. It has replaced Mauritius during the first half of the financial year 2020. According to the data shown by the department to promote industry and internal trade, India has earned FDI of US $ 7.12 billion from USA and USD 2 billion has been invested in India from Mauritius, making this country Has slipped to fourth place during April-September 2020. Earlier during the same period in 2019-20, Mauritius was the