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As per the data upto November, 2020, released by the Union Finance Ministry, which one of the following countries ranks 1 in terms of ODI (Outward Direct Investment) for the year 2020-21 ?

Options

  1. AUSA
  2. BSingapore
  3. CMauritius
  4. DUnited Kingdom

Correct answer

B. Singapore

Step-by-step solution

Singapore FDI equity inflows to India FY 2021, by leading investing country. In financial year 2021, Singapore had the highest FDI equity inflow to India, which was valued at over 17 billion Indian rupees, followed by the United States valued at nearly 14 billion Indian rupees.

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