Foreign Liabilities and Assets (FLA) Census 2024-25 | 04 Nov 2025

Source: TH

According to the Reserve Bank of India’s 2024–25 Foreign Liabilities and Assets (FLA) census, the US and Singapore together contributed over one-third of India’s total Foreign Direct Investment (FDI), reaffirming their position as India’s top investment partners.

FDI in India

• Top Investors: The US (20%) and Singapore (14.3%) together contributed over one-third of total FDI, followed by Mauritius, the UK, and the Netherlands.
• Foreign Dominance: More than 75% of FDI-reporting firms were foreign subsidiaries, reflecting strong overseas ownership and technology inflows.
• Sectoral Focus: Manufacturing attracted the highest FDI (48.4% market value), followed by services, aligning with India’s industrialisation goals.
• Rising Inflows: Total FDI stock rose to Rs 68.75 lakh crore in FY25, up from Rs 61.88 lakh crore in FY24, marking an 11.1% annual growth. showing steady confidence in India’s economy.
• Outward Expansion: Outward Direct Investment (ODI) (domestic firm expands its operations to a foreign country) stood at Rs 11.66 lakh crore, with top destinations being Singapore, US, UK, and Netherlands.
  • ODI growth (17.9%) outpaced FDI growth (11.1%), reducing the inward-to-outward DI ratio from 6.3 to 5.9 times year-on-year.
• Industrial Strength: Non-financial companies held over 90% of total FDI equity, showing dominance of core sectors.