The United States has overtaken Mauritius to become the second-largest source of foreign direct investment (FDI) into India in the latest financial year, marking a notable shift in global investment flows into the country, reported TOI. Equity inflows from the US more than doubled to over $11 billion in 2025-26, as companies increasingly chose to invest directly into India rather than routing funds through tax-friendly jurisdictions used in earlier years. Singapore retained its position as the top source of FDI, recording a steady rise in investments, while Japan also saw a sharp increase driven by large deals in the financial services sector.