Giving some respite to the policy makers and showing signs that the steps taken by the government are helping in improving the investment environment in the country, foreign direct investment (FDI) into India increased by about 16 percent year-on-year to $1.44 billion in June 2013, compared to $1.24 billion, though the numbers still are the lowest figure during the calender year.
For the April-June quarter, foreign direct investment into the country grew by 22 percent to $5.39 billion from $4.42 billion during the same period of previous year.The sectors that received the maximum inflows during the first quarter of the fiscal include, pharmaceuticals $1 billion, services $ 945 million, automobile industry $ 515 million and computer software and hardware $171 million
Region wise, the maximum FDI during the quarter came from Singapore of $1.85 billion, followed by Mauritius $1.09 billion, Germany $510 million, the Netherlands $ 408 million and the US $ 315 million.
FDI inflows which plunged in 2012-13 to about $ 22.42 billion from $36.50 billion in 2011-12, raised concern of the government which requires a huge investment to mend its fiscal deficit and to fund infrastructure such as ports, airports and highways to boost growth. In this regard, the government recently has liberalised FDI policy in as many as 12 sectors which include telecom, tea and petroleum and natural gas.
For the April-June quarter, foreign direct investment into the country grew by 22 percent to $5.39 billion from $4.42 billion during the same period of previous year.The sectors that received the maximum inflows during the first quarter of the fiscal include, pharmaceuticals $1 billion, services $ 945 million, automobile industry $ 515 million and computer software and hardware $171 million
Region wise, the maximum FDI during the quarter came from Singapore of $1.85 billion, followed by Mauritius $1.09 billion, Germany $510 million, the Netherlands $ 408 million and the US $ 315 million.
FDI inflows which plunged in 2012-13 to about $ 22.42 billion from $36.50 billion in 2011-12, raised concern of the government which requires a huge investment to mend its fiscal deficit and to fund infrastructure such as ports, airports and highways to boost growth. In this regard, the government recently has liberalised FDI policy in as many as 12 sectors which include telecom, tea and petroleum and natural gas.
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