As per the data up to November, 2020, released by the Union Finance Mi

As per the data up to 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 ?

USA

Singapore

Mauritius

United Kingdom

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This question was previously asked in

UPSC NDA-1 – 2021

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As per data available for the period up to November 2020 and for the financial year 2020-21, Singapore emerged as a major destination for India’s Outward Direct Investment (ODI).

Reports from the Reserve Bank of India (RBI) and the Ministry of Finance during this period indicated significant outflows of investment from India to Singapore, often placing it at or near the top of the list of destination countries for ODI.

Outward Direct Investment refers to investments made by a company or individual from one country into business interests located in another country. For India, major destinations for ODI often include countries like Singapore, USA, Mauritius, and the UK, influenced by factors such as business environment, taxation treaties, and market opportunities. While rankings can fluctuate month-to-month, data up to November 2020 frequently showed Singapore as a leading destination.

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