Journalism of Courage
Foreign direct investment into the country declined by about 38 per cent,year-on-year,to 2.91 billion in September,according to the Department of Industrial Policy and Promotion.
In September 2012,the country had attracted foreign investment worth 4.67 billion.
During April-September of 2013-14 fiscal,FDI dipped by 11 per cent to 11.37 billion,from 12.84 billion in the first half of 2012-13. Decline in FDI in sectors like services,telecom and metallurgical industries have lowered the inflows. From April-September this fiscal,FDI in services,telecom and metallurgical industries declined to 1.32 billion,32 million and 240 million respectively. In the first six months of last fiscal,services attracted 3.04 billion,telecom 43 million and Metallurgical industries 685 million.
