July FDI inflows up 13 per cent to three month high
For first 4 months of current fiscal,FDI inflows were up 20% from a year earlier to $7.05 billion.
Written by Reuters
New Delhi |
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Foreign direct investment inflows into India rose an annual 12.9 per cent in July to $1.66 billion,the government said in statement released late on Tuesday,the highest monthly inflow for three months.
FDI inflows were $1.47 billion in July last year.
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For the first four months of the current fiscal year,FDI inflows were up 20 per cent from a year earlier to $7.05 billion,the Ministry of Commerce and Industry said in the statement.
FDI inflows had declined to $22.42 billion in the fiscal year ended March 2013,from $35.12 billion in the previous year.
