FDI up 8% in FY14 at $24.3b

Tags: FDI, Economy
Foreign direct investment into India grew by 8 per cent year-on-year to $24.3 billion

RELATED ARTICLES

in 2013-14, according to the Department of Industrial Policy and Promotion (DIPP) data.

In 2012-13, FDI aggregated at $22.4 billion.

In March, the foreign investment inflows more than doubled to $3.53 billion from $1.52 in the same month last year.

The highest FDI came in services ($2.22 billion), followed by automobiles ($1.51 billion), telecommunications ($1.3 billion), pharmaceuticals ($1.27 billion) and construction development ($1.22 billion) in 2013-14.

Singapore led the FDI inflows into India with $5.98 billion, followed by Mauritius ($4.85 billion), the UK ($3.21 billion) and the Netherlands ($2.27 billion).

The country needs foreign investment to help regain its growth momentum. India’s economic growth slowed to a decade’s low of 4.5 per cent in 2012-13.

The country is estimated to require about $1 trillion between 2012-13 and 2016-17, the 12th Five-Year Plan period, to fund infrastructure projects.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Mutual fund stakeholders should focus on better returns in a bullish market

    The association of mutual fund of India (AMFI) has recently capped the commission paid to distributors of mutual fund schemes to a maximum of 1 per ce

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Today's Columns

Roopen Roy

What we can learn from Singapore

Lee Kuan Yew passed away at the age of 91 ...

Rajgopal Nidamboor

Don’t depend too much on ‘heroes’

We all have our own set of ‘heroes’ — not ...

Shona Adhikari

Anjolie Ela Menon, the storyteller, is back

Anjolie Ela Menon, one of India’s most celebrated artists, is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture