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This is an archive article published on June 5, 1998

FDI inflow goes up by 42% in ’97

NEW DELHI, JUNE 4: Actual foreign direct investment inflow in 1997 amounted to $3.44 billion (Rs 326.42 crore), a rise of 42 per cent over i...

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NEW DELHI, JUNE 4: Actual foreign direct investment inflow in 1997 amounted to $3.44 billion (Rs 326.42 crore), a rise of 42 per cent over inflows in 1996. The total inflow (including figures for first quarter of 1998) amounts to $10.5 billion (Rs 35,300 crore). The inflow in the first quarter of 1998 has been $0.70 billion (Rs 2,690 crore). These figures were released by the industry ministry on Thursday.

From 1991 till the end of 1997, FDI inflow amounted to $9.81 billion. The cumulative FDI approved by the government since 1991 has been approximately $47.4 billion (Rs 1,58,766 crore). The approval-inflow ratio has roughly been 4:1. The gap between approvals and inflows is on account of long gestation periods for power, oil, refinery and telecom.

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