FDI inflows improve 13% in April-May: DIPPhttps://indianexpress.com/article/news-archive/web/fdi-inflows-improve-13-in-aprilmay-dipp/

FDI inflows improve 13% in April-May: DIPP

India’s foreign direct investment (FDI) inflow has improved by 13 per cent at $4.2-billion in April-May against the previous two months led by recovery...

India’s foreign direct investment (FDI) inflow has improved by 13 per cent at $4.2-billion in April-May against the previous two months led by recovery in the global financial markets,a top government functionary said today.

“FDI inflow was higher in April and May (first two months of 2009-10) at $4.2 billion. In February-March,inflow was about $3.7 billion,” secretary of Department of Industrial Policy & Promotion Ajay Shankar told reporters on the sidelines of a CII function here. Shankar,however,did not specify which sectors were the beneficiaries of these funds.

“There has been a pick-up in fund inflow because of return of liquidity and strengthening of the global financial markets,” Shankar said. However,FDI in India dipped by about 47 per cent to $2.1-billion in May due to the global recession. During the same month last year,FDI inflows stood at $3.9-billion. Cumulative FDI from April 2000 to March 2009 stands close to about $90-billion.