RBI Reveals US and Singapore as India’s Largest
Foreign Investment Partners

Los Angeles/Oct 30, 2025
NRIpress.club/Ramesh/ A.Gary Singh

India got most of its foreign investment last year from the United States and Singapore, according to new data from the Reserve Bank of India (RBI). Together, the two countries made up more than one-third of all the foreign direct investment (FDI) that came into India in 2024–25.

The RBI shared provisional results from its latest study on foreign liabilities and assets of Indian companies. The survey covered businesses that received money from abroad or invested in other countries.

Out of 45,702 companies included in the report, 41,517 had some form of foreign investment as of March 2025. Many of these were subsidiaries of foreign companies, where one overseas investor owned more than half the shares.

In total, FDI in India reached ₹68.75 lakh crore during the year, higher than ₹61.88 lakh crore the year before. The US contributed about 20%, followed by Singapore at 14.3%, Mauritius at 13.3%, the UK at 11.2%, and the Netherlands at 9%.

The manufacturing sector attracted nearly half of all foreign investments, making it the top choice for global investors. The services sector followed next.

Indian companies also invested more abroad, with total outward investment of ₹11.66 lakh crore in 2024–25. Singapore was the top destination, receiving 22.2% of these investments, followed by the US (15.4%), UK (12.8%), and Netherlands (9.6%).

Most of the companies in the RBI survey—about 97%—were unlisted, but they still held the majority of India’s FDI equity. Non-financial firms made up over 90% of this investment.

The RBI noted that Indian investments overseas grew faster than foreign investments coming into India. Outward investments rose by 17.9%, while incoming FDI increased by 11.1%. This means that for every rupee Indian firms invested abroad, around six rupees flowed into India, a slight drop from the previous year’s ratio.

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