Singapore government is now the largest foreign investor in India
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The Singapore government has cemented its place as the largest foreign portfolio investor (FPI) in India, with its sovereign fund's assets now nearly equal to the next two funds combined. According to Prime Database, Singapore held shares worth ₹2.69 lakh crore at the end of September 2024, more than double from ₹1.29 lakh crore in September 2022. This is more than Norges Bank's (central bank of Norway) ₹1.42 lakh crore and US-based Capital Group's ₹1.33 lakh crore assets in India.