FDI into india increased by about 16% year on yearto USD 1.44 billion in june which is the lowewt figure during the calender yr. In june 2012, the country had recieved FDI worth USD 1.24 billion.During april-june period of the fiscal,FDI into the country grew by 22% to USD 5.39 billion frm USD 4.42 billion during d same period of previous yr, a senior official in department of industrial policy n promotion(DIPP) told PTI
The sectors that recieved large FDI inflows during the first quarter of the fiscal include pharmaceuticals( USD 1 billion), services(USD 945 million), automobile industry(USD 515 million) and computer software and hardware(USD 171Million), the official said.
The maximum FDI during the quarter came from Singapore(usd 1.85 billion),followed by Mauritius(usd 1.09 billion), Germany(usd 510 million), The Netherlands(usd 408 million) and the U.S(usd 315 million)
The official added that recent steps by the government are helping in improving investment environment in country.The government has liberalized FDI policy in as many as 12 sectors which include telecom,tea and petroleum and natural gas
FDI inflows in aggregated usd 22.42 billion, a decline from usd 36.50 billion in india is estimated to require about usd 1trillion between 2012-13 to 2016-17 to fund infrastructure such as airports, ports n highways to boost growth. An increase in FDI will help support the indian rupee, which depreciated to a record low of 64.43 against the U.S dollar intra-day before recovering marginally today.
The sectors that recieved large FDI inflows during the first quarter of the fiscal include pharmaceuticals( USD 1 billion), services(USD 945 million), automobile industry(USD 515 million) and computer software and hardware(USD 171Million), the official said.
The maximum FDI during the quarter came from Singapore(usd 1.85 billion),followed by Mauritius(usd 1.09 billion), Germany(usd 510 million), The Netherlands(usd 408 million) and the U.S(usd 315 million)
The official added that recent steps by the government are helping in improving investment environment in country.The government has liberalized FDI policy in as many as 12 sectors which include telecom,tea and petroleum and natural gas
FDI inflows in aggregated usd 22.42 billion, a decline from usd 36.50 billion in india is estimated to require about usd 1trillion between 2012-13 to 2016-17 to fund infrastructure such as airports, ports n highways to boost growth. An increase in FDI will help support the indian rupee, which depreciated to a record low of 64.43 against the U.S dollar intra-day before recovering marginally today.
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