Singapore has emerged as the largest source of Foreign Direct Investment (FDI) to India in the July-September quarter of 2024-25, accounting for 50% of the total inward investments. According to data released by the Department for Promotion of Industry and Internal Trade (DPIIT), FDI inflows from Singapore exceeded USD 7.5 billion during this period.
In addition to FDI, Foreign Portfolio Investment (FPI) in India also saw a notable increase, rising by 43% to USD 13.6 billion in the same quarter. The Singapore High Commissioner to India, HC Wong, highlighted this significant contribution in a post on X, emphasizing Singapore’s commitment to supporting India’s economic growth.
India urgently needs FDI, particularly as investment levels have recently been weak. Singapore’s consistent support has made it a major source of FDI for India. In the fiscal year 2023-24, Singapore was the largest contributor to FDI, with estimated inflows of USD 11.77 billion. Cumulatively, from April 2000 to March 2024, FDI from Singapore has reached approximately USD 159.94 billion.
In terms of bilateral trade, Singapore ranked as India’s sixth-largest global trade partner in 2023-24, with total trade amounting to USD 35.61 billion. This figure represents around 29% of India’s total trade with the ASEAN region.
The relationship between Singapore and India continues to strengthen, with both nations benefiting from increased investment and trade cooperation.
