According to the latest Foreign Liabilities and Assets (FLA) census 2024-25 of the Reserve Bank of India (RBI), the United States and Singapore together contributed more than one-third of India’s total foreign direct investment (FDI) during FY 2024-25.

According to the latest Foreign Liabilities and Assets (FLA) census 2024-25 of the Reserve Bank of India (RBI), the United States and Singapore together contributed more than one-third of India’s total foreign direct investment (FDI) during FY 2024-25.
The RBI released the final results of its annual FLA census on October 29, 2025, which included data on cross-border liabilities and assets of Indian entities involved in foreign and overseas investments.
Out of 45,702 Indian companies that participated in the survey, 41,517 reported either FDI (inward investment) or ODI (outward investment). Around 7,880 companies were new participants this year, while 33,637 companies had reported in the previous census as well.
About 75% of companies receiving FDI were subsidiaries of foreign firms, meaning that a single foreign investor held more than 50% of their equity.

Top FDI source countries

USA’s contribution: 20%
Singapore: 14.3%
Mauritius: 13.3%
UK: 11.2%
Netherlands: 9%
This shows an increase from the previous year’s total FDI of ₹61,88,243 crore, indicating continued growth in foreign investment in India.

Sector-wise foreign direct investment distribution

The manufacturing sector received the highest share of FDI, reflecting India’s growing role as a global production hub: 48.4% of total FDI equity (market value).
At face value: 37.8%
The service sector ranked second, further highlighting the strength of India’s digital, IT, and business service industries in attracting global capital.

Trends in outward direct investment

The report also included India’s outward direct investment (ODI)—the amount invested abroad by Indian companies.
In 2024-25, ODI stood at ₹11,66,790 crore, which included:
Singapore’s contribution: 22.2%
United States: 15.4%
United Kingdom: 12.8%
Netherlands: 9.6%
Interestingly, ODI growth (17.9%) outpaced FDI growth (11.1%), indicating that Indian companies are rapidly expanding their global presence.

Details of Indian investment entities

More than 97% of companies reporting in the census were unlisted, yet they held a large share of FDI equity capital.
About 90.5% of total FDI equity (face value) was held by non-financial companies, indicating strong industrial participation.
The ratio of inward to outward direct investment was 5.9 times in March 2025, compared to 6.3 times in the previous year—showing that outward investment is gradually increasing.