Foreign investment up 13% to $16.63 billion in H1 FY16

Foreign investment up 13% to $16.63 billion in H1 FY16

 

During financial year 2014-15, foreign fund inflows grew at 27 per cent to $30.93 billion as against $24.29 billion in 2013-14.

 

NEW DELHI: Foreign direct investment (FDI) in the country grew by 13 per cent to USD 16.63 billion during the April-September period of the current fiscal.

The foreign investment was USD 14.69 billion during April-September 2014, according to the latest figures of the Department of Industrial Policy and Promotion (DIPP).

During the fist half of the financial year, India received maximum FDI of USD 6.69 billion from Singapore followed by Mauritius (USD 3.66 billion), the Netherlands (USD 1.09 billion) and Japan (USD 815 million).

Sectors which attracted highest foreign investment in the period includes computer software and hardware (USD 3.05 billion), trading (USD 2.30 billion), services and automobile (USD 1.46 billion each) and telecommunications (USD 659 million).

During financial year 2014-15, foreign fund inflows grew at 27 per cent to USD 30.93 billion as against USD 24.29 billion in 2013-14.

The government has relaxed FDI norms in as many as 15 sectors including defence, single brand retail, construction development, civil aviation and LLPs to boost FDI in the country.

Foreign investments are considered crucial for India, which needs around USD 1 trillion in the next five years to overhaul its infrastructure sector such as ports, airports and highways to boost growth.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s