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.
