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.
8220;The global economic recovery is weak,especially in Europe8230;I think,this is affecting the FDI flow in India,8221; 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.