Tags:
Journalism of Courage
India received a whopping USD 5.65 billion Foreign Direct Investment (FDI) in June,second highest in the last 11 financial years,as per the latest data released by the industry department.
In June 2010,FDI inflows into the country amounted to USD 1.38 billion.
As per the Department of Industrial Policy and Promotion (DIPP),FDI inflow in February 2008 was slightly higher than the latest figure at USD 5.67 billion.
In the April-June period of the current fiscal,the foreign equity inflows totalled USD 13.44 billion,up 133 per cent from USD 5.77 billion in the corresponding period last year.
The equity flows were also very high in May,2011,with India receiving foreign investment worth USD 4.66 billion,a jump of 111 per cent vis-a-vis the same period last year.
“The figures indicate that the trend of high FDI equity inflows since the beginning of the present financial year is being maintained,” a statement from the Commerce and Industry Ministry said.
During the first six months of the 2011 calendar year,FDI increased by 57 per cent year-on-year to USD 16.83 billion,it said.
In the previous fiscal,equity inflows through the FDI route dipped 25 per cent amid the uncertain global situation following the recession of 2008.
In 2010-11,FDI into India declined to USD 19.43 billion from USD 25.6 billion in 2009-10. In 2008-09,FDI stood at USD 27.3 billion.
