United States tops the sources of inward direct investment in the Reserve Bank's Foreign Liabilities and Assets census

6 November 2026

The Reserve Bank of India has released the provisional results of its annual census on foreign liabilities and assets of Indian direct investment entities for 2025-26. The census covers companies, limited liability partnerships, alternative investment funds and partnership firms that hold inward or outward direct investment. In all, 43,123 entities reported, of which 36,168 reported inward direct investment. At end-March 2026 the market value of inward foreign direct investment stood at Rs 70,71,945 crore, against Rs 16,71,463 crore for overseas direct investment, so inward holdings were 4.2 times outward. The United States was the largest source of inward direct investment with a 16.5 per cent share, followed by Mauritius, Singapore and the United Kingdom. By market value, manufacturing accounted for 50.1 per cent of foreign direct investment equity and services for 45 per cent.