India’s FDI in 2010 dips by 22% to $21 bn

India received foreign direct investment (FDI) worth USD 21 bn (Rs 96,104 cr) in calender year 2010.

India received foreign direct investment (FDI) worth USD 21 billion (Rs 96,104 crore) in the calender year 2010,a decline of 22 per cent over the year ago period,a latest industry ministry data said.

The country had attracted FDI valued at USD 27 billion (Rs 130,980 crore) in 2009.

According to experts,foreign investors are cautious due to the fragile global economic recovery.

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“The global economic recovery is weak,especially in Europe…I think,this is affecting the FDI flow in India,” an economist said,adding that procedural delays in the country are also affecting the inflows adversely.

In view of declining foreign investment inflows,the Reserve Bank of India (RBI) is considering to set up a panel to find out the reasons for FDI slowdown and suggest ways to encourage it.

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The stolen collection, valued at roughly €88 million ($102 million), included two crowns, two brooches, two necklaces (one of emeralds and one of sapphires), a pair of earrings, and a single earring (AP Photo)

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