UAE becomes India's 4th largest investor in FY23 with $3.35 bn FDI

The United Arab Emirates (UAE) became India's fourth largest investor in FY23 with foreign direct investment (FDI) of $3.35 billion, as per government data. The investment inflow from UAE to India increased three-fold from $1.03 billion in FY22. Singapore was India's largest investor in FY23 with a $17.2 billion investment, followed by Mauritius and the US.